Rigrodsky & Long, P.A. Investigates Ulticom, Inc. Buyout

  • Do you own Ulticom, Inc. common stock?
  • Did you purchase your shares prior to October 12, 2010?
  • Do you feel the buyout by Platinum Equity, LLC is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Ulticom, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by affiliates of Platinum Equity, LLC in a cash transaction.

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Rigrodsky & Long, P.A. Investigates Ulticom, Inc. Buyout

Rigrodsky & Long, P.A. announces that it 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 related to the Company’s entry into an agreement to be acquired and taken private by affiliates of Platinum Equity, LLC (“Platinum”) in a cash transaction.

Under the proposed agreement, Ulticom’s public 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.

The investigation concerns whether Ulticom’s board of directors failed to adequately shop the Company and obtain the best price possible for Ulticom’s shareholders before entering into the agreement with Platinum. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $8.50 per share for Ulticom stock.

If you own the common stock of Ulticom and purchased your shares before October 12, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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