NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Ulticom, Inc. (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. Under the terms of the deal, 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.
The Company's stock has traded as high as $10.68 per share as recently as April 15, 2010 and at least one analyst set a price target for Ulticom stock at $8.50 per share. 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.
If you own common stock in Ulticom and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.584.2740, or visit http://www.wongesq.com/ulticom-ulcm.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.