Law Office of Brodsky & Smith, LLC Announces Investigation of Ulticom, Inc.
October 13 2010 - 10:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Ulticom, Inc. (“Ulticom” or the “Company”) (Nasdaq: ULCM) relating
to the proposed acquisition by an affiliate of Platinum Equity,
LLC.
Under the terms of the offer, Ulticom shareholders would receive
cash of $2.33 after payment of a special dividend in the amount of
$5.74 per share in cash. The investigation concerns possible
breaches of fiduciary duty and other violations of state law. The
transaction appears to be unfair, in part, given that Ulticom stock
was trading at $9.48 a share as recently as July 30, 2010 and was
trading at $10.50 a share on April 19, 2010
If you own shares of Ulticom 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, or by calling toll free
877-LEGAL-90.
Ulticom (MM) (NASDAQ:ULCM)
Historical Stock Chart
From Oct 2024 to Nov 2024
Ulticom (MM) (NASDAQ:ULCM)
Historical Stock Chart
From Nov 2023 to Nov 2024
