MAVENIR SYSTEMS, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Mavenir Systems, Inc. (MVNR) Over the Proposed Sale of the Company to Mitel Networks Corp.
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 Mavenir Systems, Inc. (“Mavenir” or the “Company”) (NYSE: MVNR) for potential breaches of fiduciary duties in connection with the sale of the Company to Mitel Networks Corp. for approximately $560 million in a cash and stock transaction. The Company’s stockholders will receive either all-cash or all-stock consideration for each share of Mavenir common stock, subject to proration, in either case with a value of $11.08 plus 0.675 of a Mitel common share, or $17.94 based on the closing price of a Mitel common share on February 27, 2015.
The investigation focuses on whether Mavenir’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Mavenir’s shareholders.
If you own common stock in Mavenir 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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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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