SHAREHOLDER ALERT: WeissLaw LLP Investigates Carbon Black, Inc.
SHAREHOLDER ALERT: WeissLaw LLP Investigates Carbon Black, Inc.
PR Newswire
NEW YORK, Aug. 23, 2019
NEW YORK, Aug. 23, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Carbon Black, Inc. ("Carbon Black" or the "Company") (NASDAQ: CBLK) in connection with the proposed acquisition of the Company by VMWare, Inc. (NYSE: VMW). Under the terms of the acquisition agreement, Carbon Black shareholders will receive $26 in cash for every share of CBLK stock owned.
If you own CBLK shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]
Visit our website
http://www.weisslawllp.com/carbon-black-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether Carbon Black's Board acted to maximize shareholder value prior to entering into the acquisition agreement. Notably, the Company recently announced double-digit growth in three key metrics in the second quarter of 2019. It reported total revenue of $60.9 million, up 19% from the previous year, cloud revenue of $22.9 million, up 68% from the previous year, and cloud ARR of over $100 million, up 66% from the previous year.
Given these facts, WeissLaw is investigating whether Carbon Black's Board conducted a fair process in agreeing to the proposed acquisition, whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
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SOURCE WeissLaw LLP
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