|[May 28, 2014]
SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Overland Storage, Inc. in Connection with the Proposed Sale of the Company to Sphere 3D Corporation
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Overland Storage (News - Alert), Inc.
("Overland" or the "Company") (NasdaqCM: OVRL) and other violations of
state law by the board of directors of Overland Storage relating to the
proposed buyout of the Company by Sphere 3D Corporation ("Sphere 3D").
Under the terms of the transaction, Overland Storage shareholders will
receive 0.510594 shares of Sphere 3D for each share of Overland Storage
stock they own, representing an approximate value of $4.43 per share.
The firm's investigation seeks to determie, among other things, whether
the Company's board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into this
transaction, and whether Sphere 3D is underpaying for Overland Storage
If you currently own common stock of Overland Storage and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616. Those who inquire by email are
encouraged to include their mailing address and telephone number.
Attorneys at Brower Piven together have more than a century of
experience litigating securities and other class action cases.
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