Faruqi & Faruqi, LLP Announces Investigation of BigBand Networks, Inc.

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of BigBand Networks, Inc. (“BigBand” or the “Company”) (NASDAQ: BBND) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to ARRIS Group, Inc. (NASDAQ: ARRS) in an all-cash deal valued at about $158.1 million. Under the terms of the proposed transaction, 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.