Partner Juan E. Monteverde of Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Multiband Corporation (MBND)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Multiband Corporation (“Multiband” or the “Company”) (NasdaqCM: MBND) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Goodman Networks Inc. in a deal valued at approximately $116 million. Under the terms of the proposed transaction, Multiband’s stockholders will receive $3.25 in cash for each share of Multiband common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $4.00 for Multiband.
The investigation focuses on whether Multiband’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Multiband’s shareholders.
If you own common stock in Multiband and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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