OCNW Occam Networks (MM)

Levi & Korsinsky is investigating the Board of Directors of Occam Networks, Inc. (“Occam” or the “Company”) (NasdaqGM: OCNW) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Calix, Inc. ("Calix") (NYSE: CALX). Under the terms of the transaction, Occam shareholders will receive approximately $3.83 in cash plus 0.2925 shares of Calix common stock for each share of Occam common stock they own. Based on the prior closing price of Calix stock, the proposed transaction implies a value for Occam stock of approximately $7.75 per share and a total transaction value of approximately $171 million.

The investigation concerns whether the Occam Board of Directors breached their fiduciary duties to Occam stockholders by failing to adequately shop the Company before entering into this transaction and whether Calix is underpaying for Occam shares, thus unlawfully harming Occam stockholders. In particular, at least one analyst set a price target for Occam stock at $8.00 per share. Also, after the completion of the deal, one non-management member of the current Occam Board of Directors is expected to be appointed to serve on the Calix Board of Directors.

If you own common stock in Occam and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500 or visit http://www.zlk.com/occam-ocnw.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Occam Networks (MM) (NASDAQ:OCNW)
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Occam Networks (MM) (NASDAQ:OCNW)
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