NEW YORK, Dec. 2, 2014 /PRNewswire/ -- The fairness of
the proposed acquisition of Oplink Communications, Inc. ("OPLK" or
the "Company") by Koch Optics Inc. ("Koch") is the subject of an
examination by WeissLaw LLP, a national class action, shareholder
rights law firm. The examination is focusing on possible
breaches of fiduciary duty and other violations of law by the Board
of Directors of OPLK for agreeing to sell the Company to
Koch. On November 19, 2014, the
Company announced it had reached a definitive agreement for Koch to
acquire OPLK in a transaction valued at approximately $445 million. Under the terms of the
agreement, OPLK shareholders will receive $24.25 in cash for each OPLK share they
own.
WeissLaw is investigating whether OPLK's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, prior to the announcement of the deal, at least one
analyst set a price target for OPLK of $26.25 per share – $2.00 above the price offered by Koch.
Given these facts, WeissLaw is investigating whether OPLK's
Board of Directors acted in the best interests of OPLK's public
shareholders by actively shopping the Company to maximize
shareholder value prior to entering into the agreement with
Koch. If you own OPLK shares and would like more information
about your rights or our investigation, or if you have information
to share with us, please contact Joshua
Rubin or Kelly Keenan by
telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a
similar outcome.
WeissLaw LLP
Joshua Rubin
Kelly Keenan
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP