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VERITION PARTNERS MASTER FUND LTD. v. ARUBA NETWORKS, INC.

C.A. No. 11448-VCL.

VERITION PARTNERS MASTER FUND LTD. and VERITION MULTI-STRATEGY MASTER FUND LTD., Petitioners, v. ARUBA NETWORKS, INC., Respondent.

Court of Chancery of Delaware.

Decided: May 21, 2018.

Attorney(s) appearing for the Case

Stuart M. Grant , Michael J. Barry , Christine M. Mackintosh , Michael T. Manuel , Rebecca A. Musarra , GRANT & EISENHOFFER P.A., Wilmington, Delaware; Attorneys for Petitioners.

Michael P. Kelly , Steven P. Wood , McCARTER & ENGLISH, LLP, Wilmington, Delaware; Marc J. Sonnenfeld , Karen Pieslak Pohlmann , Laura Hughes McNally , MORGAN, LEWIS & BOCKIUS LLP, Philadelphia, Pennsylvania; Attorneys for Respondent.

MEMORANDUM OPINION

In May 2015, Hewlett-Packard Company ("HP") acquired Aruba Networks, Inc. ("Aruba" or the "Company"). Under the merger agreement, each share of Aruba common stock was converted into the right to receive consideration of $24.67 per share, subject to the holder's statutory right to eschew the merger consideration...

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