BALA CYNWYD, Pa., May 14, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Tii Network
Technologies, Inc. ("Tii" or the "Company") (Nasdaq- TIII) relating
to the proposed acquisition by Kelta, Inc. ("Kelta").
Under the terms of the transaction, Tii shareholders would
receive only $2.15 in cash for each
share of Tii stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Tii for not acting in the Company's
shareholders' best interests in connection with the sale process to
Kelta. The transaction, which is below reported book value, may
result in long term holders of Tii stock suffering substantial
losses. For example, Tii stock traded at $3.93 per share on March
8, 2011 and $2.71 on
July 15, 2011.
If you own shares of Tii stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/426-tiii-tii-network-technologies-inc.html,
or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC