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MSCS Msc.Software Corp. (MM)

8.40
0.00 (0.00%)
27 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Msc.Software Corp. (MM) NASDAQ:MSCS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.40 0 00:00:00

Law Office of Brodsky & Smith, LLC Announces Class Action Lawsuit Against MSC Software Corporation

10/07/2009 8:47pm

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Msc.Software Corp. (MM) (NASDAQ:MSCS)
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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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