MAVENIR SYSTEMS SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Mavenir Systems, Inc. Over the Proposed Sale of the Company to Mitel Networks Corp. (MVNR)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mavenir Systems, Inc.

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Faruqi & Faruqi, LLP

Mar 04, 2015, 08:00 ET

NEW YORK, March 4, 2015 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mavenir Systems, Inc. ("Mavenir" or the "Company") (NYSE: MVNR) for potential breaches of fiduciary duties in connection with the sale of the Company to Mitel Networks Corp. for approximately $560 million in a cash and stock transaction. The Company's stockholders will receive either all-cash or all-stock consideration for each share of Mavenir common stock, subject to proration, in either case with a value of $11.08 plus 0.675 of a Mitel common share, or $17.94 based on the closing price of a Mitel common share on February 27, 2015.

Click here for more information: www.faruqilaw.com/MVNR. There is no cost or obligation to you.

The investigation focuses on whether Mavenir's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Mavenir's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Mavenir and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MVNR or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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