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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

RIGNET ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of RNET and Encourages ...

December 21, 2020 GMT

NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of RigNet, Inc. (NASDAQ: RNET) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Viasat, Inc. (NASDAQ: VSAT).

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On December 21, 2020, RigNet announced that it had signed an agreement to be acquired by Viasat in an all-stock transaction for approximately $222 million. Pursuant to the merger agreement, RigNet stockholders will receive 0.1845 shares of Viasat common stock for each share of RigNet common stock owned. The deal is scheduled to close in the middle of 2021.

Bragar Eagel & Squire is concerned that RigNet’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for RigNet’s stockholders.

If you own shares of RigNet and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at  investigations@bespc.com  or telephone at (646) 860-9157, or by  filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com