Wolf Popper LLP Investigates the Proposed Acquisition of Gigamon Inc. by Elliott Management
NEW YORK, October 27, 2017
Wolf Popper LLP is investigating claims on behalf of investors in Gigamon Inc. (NYSE: GIMO), concerning the proposed acquisition of Gigamon by Elliott Management. According to Carl Stine, a partner at Wolf Popper LLP, “Given the offer price is only a 1% premium to yesterday’s closing price, and a discount to where the stock has been trading for most of the last five months, it’s hard to understand how this deal is not undervalued.”
Under the terms of the proposed acquisition, Gigamon’s shareholders will receive $38.50 per share in cash for a total transaction value of $1.6 billion. However, the proposed offer price is below Gigamon’s 52-week high of $60.35 per share and below the median analyst price target of $45.57 per share.
Wolf Popper is investigating claims on behalf of investors in Gigamon concerning the transaction. Gigamon’s shareholders seeking more information about the transaction or Wolf Popper’s investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Super Lawyers or Rising Stars in the 2017 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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