NEW YORK, Aug. 13, 2012 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Comverse Technology, Inc. ("Comverse" or the
"Company") (NASDAQ: CMVT) concerning the proposed acquisition of
the Company by Verint Systems Inc. ("Verint") in a transaction
valued at approximately $805
million.
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On August 12, 2012, it was
announced that Comverse and Verint have entered into a definitive
agreement pursuant to which Verint will acquire Comverse.
Under the agreement, Verint will issue to Comverse's shareholders
approximately 27.5 million new Verint common shares, plus up to an
additional $25 million in Verint
common shares.
Our investigation concerns whether the Comverse board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
shareholders.
If you own Comverse shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising.© 2012 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP