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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Occam Networks, Inc.

^{Published on 2010-09-16 17:40:39 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Occam Networks, Inc. (aOccam Networksa or the aCompanya) (NASDAQ:OCNW) related to the Companya™s agreement to be acquired by Calix, Inc. (aCalixa). The proposed cash-and-stock transaction is valued at approximately $171 million.

Under the terms of the definitive agreement entered into by the parties, Occam Networks shareholders will receive approximately $3.83 in cash and 0.2925 shares of Calix common stock for each share of Occam Networks common stock they own. The proposed transaction implies a value for Occam Networks stock of approximately $7.75 per share. The transaction is expected to be completed in the fourth quarter of 2010 or first quarter of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Occam Networksa™ board of directors.

If you are a shareholder of Occam Networks, 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 ].