Tii Network Technologies, Inc. Buyout Investigated by the Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Tii Network Technologies, Inc. (“Tii Network” or “Tiii”) (NASDAQ: TIII) to Kelta, Inc. for shareholders. Under the proposed buyout, Tii Network shareholders will receive only $2.15 in cash for each share of Tiii stock owned, well below the 52 week high of $2.93 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

Under the definitive merger agreement, Kelta, Inc. will acquire Tii Network through a cash tender offer valued at approximately $33.1 million and is expected to close in the third quarter of 2012.

The investigation centers on whether Tii Network shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Tiii’s stock, and whether Tiii’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Although the proposed acquisition price represents a premium over the closing price of Tiii’s shares the day before the merger announcement, it is still well below the 52 week high of $2.93 per share. Based on the lack of a significant premium to Tii Network shareholders, and other factors, the firms are investigating whether the buyout price is fair to Tiii shareholders. Our proposed shareholder lawsuit seeks to obtain additional value for shareholders than what is proposed in the current buyout offer.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Tii Network (NASDAQ:TIII)
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