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Bull & Lifshitz, LLP Announces Investigation of the Acquisition of ActivIdentity Corporation

^{Published on 2010-10-20 13:16:12 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of ActivIdentity Corporation (NASDAQ: [ ACTI ]) (referred to as "ActivIdentity" or the aCompanya) by ASSA ABLOY AB ("ASSA"), the parent company of [ HID Global ], in a cash transaction valued at approximately $162 million.

Under the terms of the definitive agreement, shareholders of ActivIdentity will receive $3.25 per share in cash. The transaction is expected to close in December 2010, subject to ActivIdentity shareholder approval, applicable regulatory clearances and other customary closing conditions.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Companya™s shareholders.

If you are a holder of ActivIdentity stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of ActivIdentity and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to ActivIdentity.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at [ www.nyclasslaw.com ].

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41^st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.