ULCM Ulticom (MM)

Levi & Korsinsky is investigating the Board of Directors of Ulticom, Inc. (“Ulticom” or the “Company”) (NasdaqGM:ULCM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Platinum Equity, LLC (“Platinum Equity”). Under the terms of the transaction, Ulticom will be acquired by an affiliate of Platinum Equity with Ulticom shareholders receiving $2.33 per share in cash, after payment of a special dividend in the amount of $5.74 per share in cash. The transaction values Ulticom stock at $8.07 per share. Shares held by Ulticom's controlling shareholder, Comverse Technology, Inc. ("Comverse"), will be purchased by Platinum Equity’s affiliate pursuant to a separate share purchase agreement immediately prior to the closing of the merger.

Click here to learn how to join the action: http://www.zlk.com/ulticom-ulcm.html, or call: 877-363-5972.

The investigation concerns whether the Ulticom Board of Directors breached their fiduciary duties to Ulticom stockholders by failing to adequately shop the Company before entering into this transaction and whether Platinum Equity is underpaying for Ulticom shares, thus unlawfully harming Ulticom stockholders. In particular, at least one analyst set a price target for Ulticom stock at $8.50 per share and the Company's stock has traded as high as $10.50 per share as recently as April 19, 2010.

If you own common stock in Ulticom 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, toll-free: (877) 363-5972, or visit http://www.zlk.com/ulticom-ulcm.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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions.

Ulticom (MM) (NASDAQ:ULCM)
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Ulticom (MM) (NASDAQ:ULCM)
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De Fév 2024 à Fév 2025