Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Aerohive Networks, Inc. has obtained a Fair Price in its sale to Extreme Networks, Inc.

MILWAUKEE, June 26, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Aerohive Networks, Inc. (NYSE: HIVE) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Aerohive to Extreme.

Click here to learn how to join the action: http://ademilaw.com/case/aerohive or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges Aerohive's financial outlook is improving and yet shareholders will receive only $4.45 per share.  Extreme is acquiring Aerohive at a substantial discount.  The merger agreement unreasonably limits competing bids for Aerohive by prohibiting solicitation of further bids, and imposing a termination penalty if Aerohive accepts a superior bid. Aerohive insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of Aerohive's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Aerohive.

If you own common stock in Aerohive and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/aerohive.                  

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi & O'Reilly, LLP