Ryan & Maniskas, LLP Announces Investigation of Ulticom, Inc.
13 Octobre 2010 - 6:30PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/ulcm) is
investigating potential claims against the board of directors of
Ulticom, Inc. ("Ulticom" or the "Company") (NASDAQ:ULCM) concerning
possible breaches of fiduciary duty and other violations of law the
Company’s entry into an agreement to be acquired and taken private
by affiliates of Platinum Equity, LLC (“Platinum”).
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Ulticom. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/ulcm.
Under the proposed agreement, Ulticom’s shareholders will
receive $2.33 per share in cash, after payment of a special
dividend by the Company of $5.74 per share. Shares held by
Ulticom’s controlling shareholder, Comverse Technology, Inc.
(“Comverse”) will be purchased by Platinum pursuant to a separate
share purchase agreement immediately prior to the closing of the
merger. The special dividend is subject to shareholder approval of
the transaction and will be paid prior to the purchase of the
Comverse shares and the merger, to shareholders of record at the
close of business on November 24, 2010.
If you own shares of Ulticom and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/ulcm. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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