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Tripp Levy PLLC Investigates Proposed Acquisition of SonicWALL

^{Published on 2010-06-03 12:16:06 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC announces an investigation into the proposed acquisition of SonicWALL, Inc. (NASDAQ: SNWL). On June 3, 2010, SonicWALL announced that it has entered into a definitive merger agreement to be acquired by an investor group led by the private equity firm Thoma Bravo, LLC for $11.50 per share in cash.

However, SonicWALL may not have adequately shopped itself around before entering into this transaction and, pursuant to this proposed transaction, the investor group may be underpaying for SonicWALL, thus unlawfully harming SonicWALL shareholders. Indeed, independent analysts have projected a valuation of $13 per share for the company.

The investigation concerns, among other things, whether the consideration to be paid to SonicWALL shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of SonicWALL. The investigation further concerns whether the directors of SonicWALL may have breached their fiduciary duties by not acting in SonicWALL shareholders' best interests in connection with the sale process of SonicWALL.

If you own SonicWALL common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy
Tripp Levy PLLC
New York, New York
Toll Free: 877-772-3975
Email: [ contact@tripplevy.com ]