SAN DIEGO, Oct. 26, 2017 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Gigamon Inc. (NYSE: GIMO)
("Gigamon" or the "Company") breached their fiduciary duties in
connection with the proposed sale of the Company to Elliott
Management ("Elliott"). Gigamon provides active visibility into
physical and virtual network traffic, enabling stronger security
and superior performance.
On October 26, 2017, Gigamon
announced that it had signed a definitive merger agreement with
Elliott. Under the terms of the deal, Elliott will acquire Gigamon
for $38.50 per share. Elliott's
investment is being led by its private equity affiliate, Evergreen
Coast Capital ("Evergreen").
Elliott is currently a 7.0% equity stakeholder in Gigamon, and
Elliott and its affiliates have agreed to vote their shares in
favor of the transaction.
The investigation concerns whether the Gigamon board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Gigamon
shares of common stock.
If you are a shareholder of Gigamon and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
attorney Scott Holleman in our
New York office
(scotth@johnsonfistel.com) at 212-802-1486. If
emailing, please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York, and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Scott Holleman, 212-802-1486
scotth@johnsonfistel.com
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SOURCE Johnson Fistel, LLP