Kendall Law Group Investigates Phoenix Technologies Ltd. Acquisition for Shareholders

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Kendall Law Group Investigates Phoenix Technologies Ltd. Acquisition for Shareholders

_{//science-technology.news-articles.net/content/2 .. chnologies-ltd-acquisition-for-shareholders.html}
^{Published in Science and Technology on Wednesday, August 18th 2010 at 12:10 GMT by Market Wire}

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Phoenix Technologies Ltd. (NASDAQ: PTEC) for shareholders in connection with the proposed acquisition by affiliates of Marlin Equity Partners. The firma�s investigation seeks to determine whether Phoenix and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Phoenix shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

"planned increase in sales to continue to translate directly"

On August 18, 2010, Phoenix announced that it had entered into a definitive merger agreement with affiliates of Marlin under which Marlin would acquire all outstanding shares of Phoenix common stock for $3.85 per share in cash. Tom Lacey, Phoenix president and chief executive officer, recently expressed optimism in the companya�s financial future, stating that the company expected their aplanned increase in sales to continue to translate directlya to their bottom line. In addition, according to Thompson/First Call, at least one analyst has set a price target of $4.00 per share for Phoenix stock.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

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