Science & Technology
Wed, September 29, 2010Tue, September 28, 2010Mon, September 27, 2010Sun, September 26, 2010Fri, September 24, 2010Thu, September 23, 2010Wed, September 22, 2010Tue, September 21, 2010Mon, September 20, 2010Sun, September 19, 2010Fri, September 17, 2010Thu, September 16, 2010Wed, September 15, 2010Tue, September 14, 2010Mon, September 13, 2010Sun, September 12, 2010Fri, September 10, 2010Thu, September 9, 2010Wed, September 8, 2010Tue, September 7, 2010Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Occam Networks, Inc. - OCNW
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Published in Science and Technology on Thursday, September 16th 2010 at 14:20 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Occam Networks, Inc. (aOccama or the aCompanya) (NasdaqGM: OCNW) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Calix, Inc. (aCalixa) (NYSE: CALX). The proposed transaction offers Occam shareholders to only receive $3.83 in cash and 0.2925 shares of Calix common stock for each share they own, an implied value of approximately $7.75 per share. According to [ Thomson/First Call ], at least one financial analyst values Occama™s common stock at $8.00 per share.
Whether the Occama™s Board of Directors breached their fiduciary duties to Occama™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Occama™s shares and by how much this proposed transaction undervalues the Company to the detriment of Occam shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you own common stock in Occam and wish to obtain additional information, please visit us at [ www.faruqilaw.com/occam ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising.(C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
