Law Office of Brodsky & Smith, LLC Announces Class Action Lawsuit Against MSC Software Corporation
July 10 2009 - 2:47PM
Marketwired
Law office of Brodsky & Smith, LLC announces that a class
action lawsuit has been filed in the Superior Court of California
against MSC Software Corporation ("MSC Software" or the "Company")
(NASDAQ: MSCS) and the Company's Board of Directors challenging the
proposed acquisition of MSC Software by Symphony Technology Group
and Elliott Management Corp.
Under the proposed agreement, MSC Software shareholders will
receive $7.63 in cash for each share of MSC Software they own. The
deal is valued at approximately $360 million. On June 1, 2009, MSC
Software was trading at the exact price now offered by Symphony
Technology Group and Elliott Management Corp. Moreover, throughout
2008, MSC Software traded at significantly above the offer price
and as recently as October 2008, was trading above $10.25 a share,
substantially higher than the current offer.
If you own shares of MSC Software and wish to discuss the legal
ramifications of the proposed acquisition by Symphony Technology
Group and Elliott Management Corp., or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Marc
Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
clients@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
Contact: Jason L. Brodsky, Esquire Marc Ackerman, Esquire
Brodsky & Smith, LLC Email Contact 877-LEGAL-90
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