The Shareholders Foundation announced that an investigation on behalf of current long-term investors in shares of NetScout Systems, Inc. (NASDAQ:NTCT) shares was launched over potential breaches of fiduciary duties by certain officers and directors at NetScout Systems.
Investors who purchased shares of NetScout Systems, Inc. (NASDAQ:NTCT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain NetScout Systems officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On Oct. 13, 2014, NetScout Systems, Inc. (NASDAQ:NTCT) announced that it has entered into a definitive agreement to acquire the Communications business of Danaher Corporation (NYSE:DHR), comprising Tektronix Communications, Arbor Networks, and certain parts of Fluke Networks. Under the terms of the transaction, Danaher shareholders will receive approximately 62.5 million shares of NetScout common stock, which values the transaction at $2.6 billion based on NetScout’s closing price of $41.91 on October 10, 2014.
NetScout Systems, Inc. reported that its Total Revenue rose from $308.68 million for the 12 months period that ended on March 31, 2012 to $396.65 million for the 12 months period that ended on March 31, 2014 and that its respective Net Income increased from $32.43 million to $49.11 million.
On January 30, 2015, NASDAQ:NTCT shares closed at $35.90 per share.
Those who purchased shares of NetScout Systems, Inc. (NASDAQ:NTCT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com