Comverse Technology Investor Alert: The Briscoe Law Firm & Powers Taylor, LLP Investigate Comverse Technology, Inc. Sale to V...
13 Agosto 2012 - 4:22PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Comverse Technology, Inc.
(“Comverse”) (NASDAQ: CMVT) to Verint Systems, Inc. for
shareholders. Under the proposed transaction, a newly formed
wholly-owned subsidiary of Verint will acquire Comverse, and Verint
will issue to Comverse shareholders new Verint common shares in an
amount equal to 27.5 million Verint common shares plus up to an
additional $25 million in Verint common shares. Based upon Verint’s
current share price and other factors, it is estimated that
Comverse shareholders will receive approximately 0.13 shares of
Verint common stock for each share of stock owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation centers on whether Comverse shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues Comverse stock, and whether
Comverse’s board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal. According to
shareholder rights attorney Willie Briscoe, “Because of the lack of
a significant premium to the shareholders, and other factors, we
believe that the transaction may undervalue Comverse stock. Our
lawsuit will seek to obtain the highest share price for all
shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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