NEW YORK, NY / ACCESSWIRE / May 17, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims againstthe Board of Directors of Cray Inc. ("Cray" or "the Company") (CRAY) for possible breaches of fiduciary duty in connection with the proposed sale of the Company to Hewlett Packard Enterprise (NASDAQ: HPE). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cray.
According to the proposed agreement, Cray stockholders will receive $35.00 for each share of Cray Inc. stock that they hold. The transaction is valued at roughly $1.3 billion and is expected to close Hewlett Packard's first quarter of its 2020 fiscal year.
If you are a Cray shareholder and believe the proposed buyout price is too low, you can learn more about the investigationby visiting the firm's site: www.bgandg.com/cray. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC