SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation into the Fairness of the Sale Price of Finisar Corporation - FNSR3 Views
BALA CYNWYD, PA / ACCESSWIRE / November 9, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors Finisar Corporation ("Finisar" or "the Company") (Nasdaq - FNSR-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to the II-VI Incorporated ("II-VI").
Click here to learn more http://www.brodskysmith.com/cases/finisar-corporation-nasdaq-fnsr/, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Finisar shareholders will receive only 0.2218 of a share of II-VI and $15.60 in cash for each share of Finisar stock they own. The transaction values Finisar at only approximately $26.00 per share. The investigation concerns whether the Board of Finisar breached their fiduciary duties to shareholders and whether II-VI is underpaying for the Company. The transaction may undervalue the Company and may not be in the Finisar shareholders best interests. For example, the transaction would result in a loss for many long-term holders of Finisar stock, which has traded at $33.48 per share.
If you own shares of Finisar stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/finisar-corporation-nasdaq-fnsr/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC