Law Firm Brower Piven Announces Investigation in Connection With the Acquisition of Network Engines, Inc. by UNICOM Systems, Inc.
STEVENSON, Md. -- The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary
legal duty - acts which the law requires be done or forborne to current shareholders of Network Engines, Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NEI NEI National Eye Institute (NIH)
NEI Nuclear Energy Institute
NEI National Emission Inventory
NEI Not Enough Information
NEI Netherlands East Indies
NEI Nuevos Estados Independientes ) ("NEI") and other violations of state law by the board of directors of NEI relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed acquisition of the company by UNICOM Systems, Inc. ("UNICOM"). The firm's investigation seeks to determine, among other things, whether the board breached its fiduciary duties by failing to maximize shareholder value.
On June 19, 2012, NEI announced that it had entered into a definitive merger agreement providing for UNICOM to acquire NEI for approximately $63.2 million. Under the terms of the merger agreement, NEI shareholders will receive $1.45 for each share of NEI common stock held. However, according to Yahoo! Finance, analysts have set a mean price target of $2.00 per share, and NEI shares have traded above the deal price as recently as April 3, 2012.
If you currently own shares of NEI and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.