Kendall Law Group Investigates Ulticom, Inc. for Shareholders

Kendall Law Group, a national securities firm led by a former federal judge, is investigating Ulticom, Inc. (NASDAQ:ULCM) for shareholders in connection with the proposed acquisition by affiliates of Platinum Equity, LLC. The firm is investigating whether Ulticom properly shopped the Company prior to entering into the agreement. This possible breach of fiduciary duty may have kept the Company from reaching a deal that would provide better value of the Company. If you are a ULCM shareholder and would like additional information about your rights, you are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On October 12, 2010, the companies announced that the companies have entered into a definitive merger agreement under which Ulticom would be acquired by Platinum Equity in a transaction expected to close by the end of the fourth quarter. Under the terms of the agreement, shareholders will receive a special dividend in the amount of $5.74 in cash to be paid at the close of business on November 24, 2010, as well as $2.33 in cash when the deal closes. This $8.07 buyout represents a 5% premium over the closing price on October 11, 2010. Based on historical stock prices as high as $9.48 on July 30, 2010, the firm believes the transaction significantly undervalues the company. There is a separate purchase agreement for Comverse Technology, a controlling shareholder of Ulticom, which will occur immediately prior to the close of the merger and deferred at the risk based on Ulticom’s financial performance post closing.

Kendall Law Group was founded by former federal judge Joe Kendall, 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.

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