San Diego, CA -- (SBWire) -- 04/08/2015 --An investigation on behalf of investors, who currently hold shares of Pulse Electronics Corp (OTCMKTS:PULS), was announced concerning whether the takeover of Pulse Electronics Corp by Oaktree Capital Management, L.P at $1.50 is unfair to OTCMKTS:PULS stockholders.
Investors who purchased shares of Pulse Electronics Corp (OTCMKTS:PULS) and currently hold any of those OTCMKTS:PULS shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Pulse Electronics Corp breached their fiduciary duties owed to OTCMKTS:PULS investors in connection with the proposed acquisition.
On March 2, 2015 -- Pulse Electronics Corp (OTCMKTS:PULS) announced that it has entered into an agreement with certain affiliates of investment funds managed by Oaktree Capital Management, L.P. (such affiliates, "Oaktree"), under which Oaktree will invest a total of $17.0 million in Pulse and subsequently acquire 100% of the outstanding shares of Pulse Electronics Corp. Pulse Electronics Corp (OTCMKTS:PULS) shareholders will be entitled to receive $1.50 in cash for each share of common stock they hold immediately prior to the closing of the merger.
However, given that shares of Pulse Electronics Corp (OTCMKTS:PULS) traded as recently as March 2014 as high as $4.10 per share, the investigation concerns whether the offer is unfair to OTCMKTS:PULS stockholders. More specifically, the investigation concerns whether the Pulse Electronics Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On April 6, 2015, shares of Pulse Electronics Corp (OTCMKTS:PULS) closed at $1.69 per share.
Those who are current investors in Pulse Electronics Corp (OTCMKTS:PULS) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Pulse Electronics Corp (OTCMKTS:PULS) Investor Alert: Investigation of Buyout at $1.50
An investigation on behalf of investors of Pulse Electronics Corp (OTCMKTS:PULS) in connection with the proposed takeover was announced and OTCMKTS:PULS stockholders should contact the Shareholders Foundation.