SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Symmetricom, Inc. Buyout
22 October 2013 - 8:31AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Symmetricom,
Inc. (NASDAQ GS: SYMM)?
- Did you purchase any of your shares
prior to October 21, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of
Symmetricom, Inc. (“Symmetricom” or the “Company”) (NASDAQ GS:
SYMM) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Microsemi Corporation (“Microsemi”) (NASDAQ GS:
MSCC) in a transaction valued at approximately $230 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/symmetricom-inc-symm.
Under the terms of the agreement, public shareholders of
Symmetricom will receive $7.18 per share in cash for each share of
Symmetricom they own.
The investigation concerns whether Symmetricom’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Symmetricom’s shareholders before entering into
an agreement with Microsemi.
If you own the common stock of Symmetricom and purchased your
shares before October 21, 2013, 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 Rigrodsky or Gina Serra at Rigrodsky & Long, P.A.,
825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/symmetricom-inc-symm.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth RigrodskyGina
Serra888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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