Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Occam Networks, Inc.
September 25 2010 - 1:37PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Occam Networks, Inc. (NASDAQ: OCNW) (referred to as
"Occam" or the “Company”) by Calix, Inc. (referred to as "Calix")
in a stock and cash transaction valued at approximately $171
million.
Upon the completion of the acquisition, each outstanding share
of Occam Networks common stock will be converted into the right to
receive (a) $3.8337 per share in cash, without interest plus (b)
0.2925 of a validly issued, fully paid and non-assessable share of
Calix common stock. After the completion of the acquisition, former
Occam Networks stockholders will own between 16.5 percent and 18.9
percent of the outstanding shares of Calix’s common stock based on
the number of Calix shares outstanding as of September 15,
2010.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Occam Networks 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 Occam Networks 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 Occam Networks.
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 41st 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.
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