SILICON GRAPHICS INTERNATIONAL CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
August 12 2016 - 10:26AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Silicon
Graphics International Corp. (NASDAQ GS:
SGI)?
- Did you purchase any of your shares
prior to August 11, 2016?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Silicon
Graphics International Corp. (“Silicon Graphics” or the “Company”)
(NASDAQ GS: SGI) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by Hewlett Packard Enterprise Company
(“Hewlett Packard”) (NYSE: HPE).
Click here to learn more:
http://rigrodskylong.com/investigations/silicon-graphics-international-corp-sgi.
Under the terms of the agreement, shareholders of Silicon
Graphics will receive $7.75 in cash for each share of Silicon
Graphics common stock.
The investigation concerns whether Silicon Graphics’ board of
directors failed to adequately shop the Company and obtain the best
possible value for Silicon Graphics shareholders before entering
into the agreement with Hewlett Packard.
If you own the common stock of Silicon Graphics and purchased
your shares before August 11, 2016, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Seth D. Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail at
info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/silicon-graphics-international-corp-sgi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160812005436/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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