Tripp Levy PLLC Announces Investigation of the Acquisition of Blue Coat Systems on Behalf of Blue Coat Shareholders

NEW YORK, Dec. 9, 2011 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Blue Coat Systems Inc. (NASDAQ: BCSI). It was announced that an investor group led by private equity firm Thoma Bravo, LLC has proposed to acquire Blue Coat for only $25.81 per share.

The investigation concerns, among other things, whether the consideration to be paid to Blue Coat shareholders is unfair, inadequate, and substantially below the fair or inherent value of Blue Coat.  Indeed, analysts estimate the true inherent value of the stock is worth at least $28 per share, and the stock traded as high as $32.04 this year. The investigation further concerns whether the board of directors of Blue Coat may have breached their fiduciary duties by not acting in Blue Coat shareholders' best interests in connection with the sale process of Blue Coat.

If you own Blue Coat common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

Contacts

Tripp Levy PLLC
Tripp Levy, 877-772-3975
[email protected]

SOURCE Tripp Levy PLLC

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