Share Name Share Symbol Market Type
Hewlett Packard Enterprise Company NYSE:HPE NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -$0.54 -3.54% $14.71 $15.21 $14.67 $15.12 8,819,363 20:59:59

(CRAY) Alert: Johnson Fistel Investigates Proposed Sale of Cray Inc.; Are Shareholders Getting a Fair Deal?

17/05/2019 2:02pm

PR Newswire (US)

Hewlett Packard Enterprise Company (NYSE:HPE)
Historical Stock Chart

1 Month : From Apr 2019 to May 2019

Click Here for more Hewlett Packard Enterprise Company Charts.

SAN DIEGO, May 17, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Cray Inc. (NASDAQ: CRAY) breached their fiduciary duties in connection with the proposed sale of the Company to Hewlett Packard Enterprise (NYSE: HPE).

On May 17, 2019, Cray announced that it had signed a definitive merger agreement with Hewlett Packard. Under the terms of the merger agreement, Hewlett Packard will acquire all of the outstanding shares of Cray in an all-cash transaction. Cray shareholders will receive $35.00 per share in cash.

The investigation concerns whether the Cray board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Cray shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given analysts' projections for future revenue growth. Additionally, Cray has over $200 million in cash and only $41 million in long-term debt.

If you are a shareholder of Cray and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ( at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes.

Johnson Fistel, LLP
Jim Baker, 619-814-4471

[Click here to join this action]

Cision View original content:

SOURCE Johnson Fistel, LLP

Copyright 2019 PR Newswire

1 Year Hewlett Packard Enterprise Company Chart

1 Year Hewlett Packard Enterprise Company Chart

1 Month Hewlett Packard Enterprise Company Chart

1 Month Hewlett Packard Enterprise Company Chart
Your Recent History
Hewlett Pa..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190522 22:36:53