Company: Cray Inc.
Deadline: June 21, 2019
Kaskela Law LLC is investigating Cray Inc. (“Cray”) (NASDAQ: CRAY) in connection with the Company’s announcement that it would be acquired by Hewlett Packard Enterprise (NYSE: HPE). According to the announcement, Cray stockholders are expected to receive $35.00 per share in cash for their Cray shares.
The investigation seeks to determine: (i) whether $35.00 per share represents adequate consideration for the Company’s shares; (ii) whether the Company’s executive officers and/or directors violated the securities laws or breached their fiduciary duties in connection with the transaction with HPE; and (iii) whether the Company’s shareholders are receiving all material information in connection with the transaction with HPE.
Cray stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or by completing the form on this page, to discuss this investigation and their legal rights and options with respect to this proposed transaction.