(SI Newswire) NEW YORK, March 3, 2015 - The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF MAVENIR SYSTEMS, INC. (“Mavenir” or “the Company”) (NYSE: MVNR) PRIOR TO MARCH 2, 2015AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Mavenir to Mitel Networks Corporation (“Mitel”) (NasdaqGS: MITL). Click here to learn more about the action: http://zlk.9nl.com/MVNR-SI. There is no cost or obligation to you.
The Board of Directors of Mavenir agreed to sell the company to Mitel. Under the terms of the transaction, Mavenirshareholders will be entitled to elect to receive either all cash or all stock consideration for each share of Mavenir common stock, subject to proration. In either case, the value is $11.08 plus 0.675 of a Mitel common share, or $17.94 based on the closing price of Mitel common stock on February 27, 2015.
If you own Mavenir common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/MVNR-SI.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut 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 and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510