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.
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: [email protected] 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.