Law Firm of Goldfarb Branham LLP Investigating Ulticom for Shareholders
October 13 2010 - 9:37AM
Business Wire
Goldfarb Branham LLP is investigating whether the Board of
Directors of Ulticom (NASDAQ: ULCM) breached fiduciary duties to
its shareholders by agreeing to sell the company to Platinum
Equity, LLC for $2.33 per share plus a payment of a special
dividend of $5.74 per share. Concerned Ulticom investors are urged
to contact Hamilton Lindley at 877-583-2855 or
hlindley@goldfarbbranham.com to learn about their rights.
“The $8.07 per share price is only a 5% premium to the October
11, 2010 closing price of Ulticom,” said securities lawyer Hamilton
Lindley. “Our investigation is focused on the potential unfairness
of the price to Ulticom shareholders and the process by which the
Board considered and approved the transaction. In fact, at least
one analyst set a price target for company stock at $8.50 per
share.”
Goldfarb Branham LLP pursues claims nationwide for shareholders
in unfair buyouts. Lawyers at the firm have significant experience
representing shareholders in over 100 securities cases. If you have
any information about this transaction or questions about your
rights as an Ulticom shareholder contact the firm at
hlindley@goldfarbbranham.com or call 877-583-2855.
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