An investigation on behalf of investors of NYSE:RKUS in connection with the proposed takeover was announced and NYSE:RKUS stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 04/29/2016 --An investigation for shareholders of Ruckus Wireless Inc (NYSE:RKUS), was announced concerning the takeover of Ruckus Wireless Inc.

Investors who purchased shares of Ruckus Wireless Inc (NYSE:RKUS) and currently hold any of those NYSE:RKUS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain Ruckus Wireless directors breached their fiduciary duties owed to NYSE:RKUS investors in connection with the proposed acquisition.

On April 4, 2016, Brocade (and Ruckus Wireless (NYSE: RKUS) announced that Brocade has entered into an agreement to acquire Ruckus Wireless, Inc. in a cash and stock transaction. Under the terms of the agreement, Ruckus Wireless stockholders will receive $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Based on the closing price of Brocade's stock on April 1, 2016, the transaction values Ruckus Wireless Inc at a price of $14.43 per common share.

However, given that at least one analyst has set the high target price for NYSE:RKUS shares at $15.00 per share, the investigation concerns whether the offer is unfair to NYSE:RKUS stockholders. More specifically, the investigation concerns whether the Ruckus Wireless Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Ruckus Wireless Inc (NYSE:RKUS) closed on April 28, 2016, at $13.84 per share.

Those who are current investors in Ruckus Wireless Inc (NYSE:RKUS) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com