ULCM Ulticom (MM)

The Law Office of Abe Shainberg is investigating the Board of Directors of Ulticom, Inc. (NasdaqGM:ULCM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Platinum Equity, LLC. Under the terms of the proposed transaction, Ulticom will be acquired by an affiliate of Platinum Equity with Ulticom shareholders receiving $2.33 per share in cash, after payment of a special dividend in the amount of $5.74 per share in cash. The transaction values Ulticom stock at $8.07 per share. Shares held by Ulticom's controlling shareholder, Comverse Technology, Inc. ("Comverse"), will be purchased by Platinum Equity’s affiliate pursuant to a separate share purchase agreement immediately prior to the closing of the merger.

The investigation concerns whether the Ulticom Board of Directors breached their fiduciary duties to Ulticom stockholders by failing to adequately shop the Company before entering into this transaction and whether Platinum Equity is underpaying for Ulticom shares. At least one analyst set a price target for Ulticom stock at $8.50 per share and the Company's stock has traded as high as $10.68 per share as recently as April 15, 2010.

If you own common stock in Ulticom and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/ulticom-ulcm.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.

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