SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Overland
Storage, Inc. in Connection with the Proposed Sale of the Company to Sphere
STEVENSON, Md. -- May 20, 2014
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, 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 determine, 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 shares.
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:
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
Attorneys at Brower Piven together have more than a century of experience
litigating securities and other class action cases.
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Charles J. Piven, 410-415-6616
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