N@N

Kendall Law Group Investigates Occam Networks, Inc. for Shareholders

^{Published on 2010-09-16 08:00:44 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Occam Networks, Inc. (NASDAQ: OCNW) for shareholders in connection with the proposed acquisition by Calix, Inc. The national securities firma™s investigation seeks to determine whether Occam 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 an Occam 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 ].

On September 16, 2010, the companies announced that they have entered into a definitive merger agreement under which Occam would be acquired by Calix in a transaction valued at approximately $171 million. Under the terms of the agreement, Occam stockholders will receive $7.75 in cash for each share of Occam/OCNW common stock held. According to Thompson/First Call, at least one analyst has set a price target of $8.00 per share for Occam stock. The firm believes the transaction may be undervaluing the company.

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.