Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Acme Packet, Inc. (APKT)

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Acme Packet, Inc. (“Acme” or the “Company”) (NasdaqGS: APKT) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Oracle Corporation (NasdaqGS: ORCL) in an all-cash deal valued at approximately $1.7 billion. Under the terms of the proposed transaction, Acme’s stockholders will receive $29.25 in cash for each share of Acme’s common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $30 for Acme.