On or around 05/30/2017 (Other)
Filing Date: March 21, 2017
According to the Complaint, on March 6, 2017, the Company announced that it had entered into a definitive agreement (the “Merger Agreement”) by which Parent, through its wholly owned subsidiary, Merger Sub, would acquire Nimble Storage through a tender offer to acquire all of the outstanding shares of Nimble Storage for $12.50 per share in cash (the “Tender Offer”). The Proposed Transaction is valued at slightly more than $1 billion. On March 17, 2017, HP commenced the Tender Offer, which is set to expire at 12:00 midnight on April 13, 2017 (the “Expiration Date”).
In connection with the commencement of the Tender Offer, the Company filed a Recommendation Statement on Schedule 14D-9 (the “Recommendation Statement”) with the SEC. The Complaint alleges the Recommendation Statement is materially deficient and misleading because it fails to disclose material information about the process leading to the Merger Agreement .
Pursuant to a stipulation by the parties, this case was dismissed on April 20, 2017.
Company & Securities Information
Defendant: Nimble Storage, Inc.
Industry: Computer Storage Devices
Headquarters: United States
Ticker Symbol: NMBL
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Dennis Huston, et al. v. Nimble Storage, Inc., et al.