BALA CYNWYD, Pa., Nov. 9, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Brocade
Communications Systems, Inc. ("Brocade" or "the Company") (Nasdaq:
BRCD) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Broadcom
Ltd. ("Broadcom").
Click here to learn more
http://www.brodskysmith.com/cases/brocade-communications-systems-inc-nasdaq-brcd/,
or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Brocade shareholders will
receive only $12.75 in cash for each
share of Brocade stock they own. The investigation concerns whether
the Board of Brocade breached their fiduciary duties to
shareholders and whether Broadcom is underpaying for the Company.
The transaction may undervalue the Company and would result in no
real gain for many long-term Brocade shareholders. For example,
Brocade stock traded at $12.80 per
share on June 23, 2015 and an analyst
had set a $14.00 per share price
target for Brocade stock. In addition, the price being paid for
Brocade appears low given that the purchase should allow Broadcom
the means of owning both ends of the fibre channel connection.
If you own shares of Brocade 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/brocade-communications-systems-inc-nasdaq-brcd/,
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.
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SOURCE Brodsky & Smith, LLC