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Robbins Umeda LLP Announces an Investigation of the Acquisition of McAfee, Inc.
Firm News/California |
2010/08/20 09:32
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pRobbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors (Board) of McAfee, Inc. (McAfee or the Company) (NYSE: MFE) in connection with their efforts to sell McAfee to Intel Corporation (Intel) (NASDAQ: INTC). If the transaction is completed, McAfee shareholders will receive $48.00 in cash for each share of McAfee common stock they hold. /ppRobbins Umeda LLP's investigation concerns whether the McAfee Board undertook a fair process to obtain fair consideration for all shareholders of McAfee. Specifically, our investigation concerns whether the Company's Board breached their fiduciary duties to McAfee shareholders by failing to adequately shop the Company before entering into the transaction with Intel. At least one analyst had a price target for the Company at $50 per share. Additionally, under the terms of the agreement, McAfee must pay Intel a $230 million termination fee if McAfee accepts a superior offer to the Intel offer. /ppIf you are a shareholder of McAfee, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at a href=mailto:info@robbinsumeda.cominfo@robbinsumeda.com/a. /ppRobbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to a href=http://www.robbinsumeda.comhttp://www.robbinsumeda.com/a.
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