Law Office of Brodsky & Smith, LLC Announces Investigations of
New Frontier Media, Inc. and Versant Corp.
BALA CYNWYD, Pa., Oct. 22, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of New Frontier
Media, Inc. ("New Frontier" or the "Company") (Nasdaq- NOOF)
relating to the proposed acquisition by LFP Broadcasting, LLC.
("LFP").
Under the terms of the transaction, New Frontier shareholders
will receive only $2.02 in cash, plus
a contingent cash payment of no more than $0.06 per share of New Frontier common stock if
New Frontier's available cash balance at closing of the proposed
acquisition exceeds $11.514 million,
for each share on New Frontier common stock they own. The
transaction may undervalue the Company as New Frontier stock traded
at $2.13 on February 9, 2011 and an analyst has set a
$4.00 per share price target on New
Frontier.
You may contact Jason L. Brodsky,
Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/488-noof-new-frontier-media-inc.html, by
calling toll free 877-LEGAL-90.
Versant Corp.
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Versant Corp. ("Versant" or the "Company") (Nasdaq- VSNT) relating
to the proposed acquisition by Unicom Systems, Inc. ("Unicom").
Under the terms of the transaction, Versant shareholders will
receive only $11.50 in cash for each
share of Versant stock they own.
The transaction may undervalue the Company and result in a
substantial loss for many Versant shareholders. For example Versant
stock traded at $12.22 on
October 27, 2011.
You may contact Jason L. Brodsky,
Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/487-vsnt-versant-corporation.html, by
calling toll free 877-LEGAL-90. Attorney advertising. Prior results
do not guarantee similar outcomes.
SOURCE Law office of Brodsky & Smith, LLC