Emerson Poynter LLP Announces an Investigation Concerning the Sale of BigBand Networks, Inc. to the ARRIS Group, Inc.

Little Rock, Arkansas, UNITED STATES


LITTLE ROCK, Ark., Oct. 14, 2011 (GLOBE NEWSWIRE) -- Emerson Poynter LLP, with offices in Little Rock, Arkansas and Houston, Texas, announced today that it has launched an investigation concerning potential legal claims against the Board of Directors of BigBand Networks, Inc. ("BigBand" or the "Company") related to the sale of BigBand to the ARRIS Group, Inc. ("ARRIS") in an all-cash deal valued at about $158.1 million.

Under the terms of the sale, BigBand stockholders will receive $2.24 for each share of BigBand common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $2.75 for BigBand. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.

Emerson Poynter LLP is investigating the fairness of the sale of BigBand to its shareholders, whether the shareholders are being underpaid for their stock, and whether BigBand's Board of Directors acted in the shareholders' best interests.

If you own common stock in BigBand, and wish further information concerning possible legal actions, please contact our office as noted below or by emailing (epllp@emersonpoynter.com).

Emerson Poynter LLP has a national class-action legal practice with offices in Little Rock, Arkansas and Houston, Texas. Emerson Poynter handles complex commercial litigation with a concentration in those cases that involve violations of federal and state securities or antitrust laws, the Employee Retirement Income Security Act of 1974 ("ERISA"), and consumer protection laws. It has substantial experience in litigating large complex class-action cases and serves in a leadership position in numerous cases.


        

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