NEW YORK, June 27, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Aerohive Networks, Inc. (“Aerohive” or the “Company”) (NYSE: HIVE) stock prior to June 26, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Aerohive to Extreme Networks, Inc. (“Extreme”) (NASDAQGS: EXTR). Under the terms of the deal, Extreme will acquire all of the outstanding shares of common stock of Aerohive at a price of $4.45 per share in cash. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/aerohive-networks-inc-3
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Aerohive merger investigation concerns whether the Board of Aerohive breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Extreme is underpaying for Aerohive shares, thus unlawfully harming Aerohive shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com