On or around 11/29/2018 (Ongoing date of last review)
Filing Date: November 29, 2018
According to the Complaint, Black Box Corporation (“Black Box” or the “Company”) is a leading digital solutions provider dedicated to helping customers design, build, manage, and secure their IT infrastructure. This action stems from a proposed transaction announced on November 11, 2018 (the “Proposed Transaction”), pursuant to which Black Box will be acquired by affiliates of AGC Networks Ltd.
On November 11, 2018, Black Box’s Board of Directors caused the Company to enter into an agreement and plan of merger with AGC Networks Ltd. The Tender Offer is set to expire on December 19, 2018.
On November 21, 2018, Defendants filed a Solicitation/Recommendation Statement (the “Solicitation Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges that the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.
Company & Securities Information
Defendant: Black Box Corporation
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: BBOX
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Adam Franchi, et al. v. Black Box Corporation, et al.