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Kendall Law Group Investigates ArcSight, Inc. Acquisition for Shareholders

  //science-technology.news-articles.net/content/2 .. s-arcsight-inc-acquisition-for-shareholders.html
  Published in Science and Technology on Monday, September 13th 2010 at 6:40 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating ArcSight, Inc. (NASDAQ: ARST) for shareholders in connection with the proposed acquisition by HP. The national securities firma™s investigation seeks to determine whether ArcSight and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an ArcSight shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

"expects to fetch more than $40 a share."

On September 13, 2010 the companies announced that the companies have entered into a definitive merger agreement under which ArcSight would be acquired by HP in a transaction valued at approximately $1.5 billion. Under the terms of the agreement, ArcSight stockholders will receive $43.50 in cash for each share of ArcSight/ARST common stock. On August 27, 2010, the Wall Street Journal reported that ArcSight put itself up for sale and that the company aexpects to fetch more than $40 a share.a The Journal went on to say that Oracle Corp., HP, EMC Corp., IBM Corp., and CA Inc. were all prospective bidders identified by ArcSight. Due to the large number of potential purchasers, the firm believes the transaction may be undervaluing the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.