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The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Multiband Corporation

  //science-technology.news-articles.net/content/2 .. nces-investigation-of-multiband-corporation.html
  Published in Science and Technology on Wednesday, August 10th 2011 at 15:01 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Multiband Corporation (aMultibanda or the aCompanya) (NASDAQ: MBND) for possible breaches of fiduciary duty and other violations of state law in connection with the rejection of a merger proposal from UniTek Global Services, Inc. (aUniTeka) (NASDAQ: UNTK). Under the terms of the transaction, Multiband shareholders would receive $4.50 per share in cash and UniTek common stock.

Click here to learn more about the investigation: [ http://www.zlk.com/multiband-mbnd ], or call: 877-363-5972.

The investigation concerns whether the Board of Multiband is acting in Multiband shareholdersa™ best interests by refusing to enter into negotiations with UniTek and rejecting the proposal. In particular, the offer price of $4.50 per share represents more than a 67% premium over the Companya™s August 5, 2011 closing price. Furthermore, shareholders owning approximately 7.7 percent of Multibanda™s stock indicated their support for the merger in an August 4, 2011 SEC filing.

If you own common stock in Multiband and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.