Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating the acquisition of Performance
Technologies, Inc. ("Performance") (NasdaqGM:PTIX) by Sonus Networks
for shareholders. Under the terms of the definitive merger agreement,
valued at approximately $30 million, Performance stockholders will only
receive $3.75 in case per share owned, well below at least one analyst's
estimated value of $4.50 per share.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607 or via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The investigation into the Performance sale is focused on whether
shareholders are receiving adequate compensation for their shares in the
proposed deal, whether the transaction properly values Performance
stock, and whether Performance's board attempted to obtain the highest
share price for all shareholders prior to agreeing to the deal. Notably,
at least one analyst with Yahoo! Finance has estimated that the true
inherent value of the company may be as high as $4.50 per share.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Source: Powers Taylor LLP