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SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Procera Networks, Inc. And Encourages Investors To Contact The Firm For Additional Information
[April 24, 2015]

SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Procera Networks, Inc. And Encourages Investors To Contact The Firm For Additional Information


The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Procera Networks (News - Alert), Inc. ("Procera" or the "Company") (Nasdaq: PKT) relating to the proposed buyout of the Company by Francisco Partners Management.

Under the terms of the transaction, Procera shareholders are anticipated to receive $11.50 in cash for each share of Procera common stock held. The transaction may undervalue Procera and may result in a substantial loss for many shareholders. For example, Procera stock traded at $12.21 per share as recently as February 17, 2014 and traded at $25.31 on July 23, 2012. In addition, according to Yahoo! Finance, at last one Wall Street analyst has issued a price target for Procera stock at $ 12.00 per share.



The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.

If you currently own common stock of Procera and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.


Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.


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