We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Plantronics, Inc. (“Plantronics” or the “Company”) (NYSE: POLY), in connection with the proposed acquisition of the Company by HP Inc. (“HP”) (NYSE: HPQ). Under the terms of the merger agreement, the Company’s shareholders will receive $40.00 in cash for each share of Plantronics common stock owned. The transaction is valued at approximately $3.3 billion.
Weiss Law is investigating whether (i) Plantronics’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $40.00 per-share merger consideration adequately compensates Plantronics’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.