Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Otix Global, Inc.
19 September 2010 - 6:47AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Otix Global, Inc. (NASDAQ: OTIX) (referred to as
"Otix" or the “Company”) by William Demant Holding (referred to as
"WDH") in a cash transaction with a value of approximately $50
million.
Under the terms of the merger agreement, WDH will pay $8.60 for
each outstanding share of Otix common stock. The agreement will
require the approval of Otix's shareholders.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Otix stock and want to discuss your legal
rights, you may e-mail or call Bull & Lifshitz, LLP who will,
without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Otix and would like more information
about our investigation, please contact Peter D. Bull, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to Otix.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
Otix Global (MM) (NASDAQ:OTIX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Otix Global (MM) (NASDAQ:OTIX)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Otix Global (MM) (NASDAQ): 0 recent articles
More Bull & Lifshitz, LLP News Articles