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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Phoenix Technologies Ltd.

  //science-technology.news-articles.net/content/2 .. of-shareholders-of-phoenix-technologies-ltd.html
  Published in Science and Technology on Wednesday, August 18th 2010 at 17:40 GMT by Market Wire
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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Phoenix Technologies Ltd. (aPhoenixa or the aCompanya) (NASDAQ:PTEC) related to the Companya™s agreement to be acquired by Marlin Equity Partners (aMarlina), a private investment firm. The proposed all-cash transaction is valued at approximately $139 million.

Under the terms of the definitive merger agreement entered into by affiliates of Marlin and the Company, Marlin will acquire all outstanding shares of Phoenix common stock for $3.85 per share in cash. The board of directors of Phoenix has unanimously approved the proposed transaction. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed going-private transaction by the Companya™s board of directors.

If you own shares of Phoenix, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].