Law Office of Brodsky & Smith, LLC Announces Class Action Lawsuit Against MSC Software Corporation
BALA CYNWYD, PA, Jul 10 (MARKET WIRE) --
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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