Acacia Communications, Inc. (ACIA)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Acacia Communications, Inc. (ACIA)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of Acacia Communications, Inc. (“Acacia” or the “Company”) (NASDAQ GS: ACIA) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to Cisco Systems, Inc. (“Cisco”) (NASDAQ GS: CSCO).
On July 9, 2019, Cisco Systems Inc. agreed to buy Acacia Communications Inc. for about $2.6 billion. Under the terms of the agreement, shareholders of Acacia will receive $70.00 in cash for each share of Acacia common stock owned. The deal is expected to close in the second half of Cisco’s fiscal 2020 year.
If you are a Acacia shareholder and believe the proposed buyout price is too low, you can learn more about the investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.