Faruqi & Faruqi, LLP is Investigating the Acquisition of BrightPoint, Inc. (CELL)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of BrightPoint, Inc. ("BrightPoint" or the “Company”) (NASDAQ: CELL) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Ingram Micro Inc. (NYSE: IM) in an all-cash deal valued at approximately $895.02 million. Under the terms of the proposed transaction, BrightPoint stockholders will receive $9 in cash for each share of BrightPoint they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $12 for BrightPoint.
Whether BrightPoint’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 the proposed transaction undervalues BrightPoint’s shares and by how much this proposed transaction undervalues the Company to the detriment of BrightPoint’s shareholders are the key focus of this investigation.
If you own common stock in BrightPoint and wish to obtain additional information and protect your investments free of charge, contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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