Barrett Johnston, LLC announces investigation of OPNET Technologies, Inc.
November 1, 2012
Nashville, Tn.—(PR Newswire) – Barrett Johnston, LLC announces that it is investigating potential claims against the Board of Directors of OPNET Technologies, Inc. (“OPNET” or the “Company”) (Nasdaq-OPNT-News) relating to the proposed acquisition by Riverbed Technology (“Riverbed”).
Under the terms of the transaction, OPNET shareholders will receive only $36.55 in cash and a fixed 0.2774 shares of Riverbed common stock for each share of OPNET common stock they own. The transaction values OPNET at approximately $42.82 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of OPNET for not acting in the Company’s shareholders’ best interests in connection with the sale process to Riverbed. The investigation seeks to determine if the price being paid is fair and if conflicts of interests played a role in the transaction as OPNET’s CEO and CTO will remain with the combined company.
If you own shares of OPNET, 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 Timothy L. Miles, Esquire, of Barrett Johnston, LLC, 217 Second Avenue, North, Nashville, TN 37201 by telephone at (615) 244-2202, Toll Free at (866) 263-0668, or by email to This email address is being protected from spambots. You need JavaScript enabled to view it. , or visit our website at http://www.barrettjohnston.com.
Contact:
Timothy L. Miles, Esq.
Barrett Johnston, LLC
217 Second Avenue North
Nashville, TN 37201
Telephone: 615-244-2202
Facsimile: 615-252-3798
Email:
This email address is being protected from spambots. You need JavaScript enabled to view it.
