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If you purchased Pulse Electronics Corp (NYSE:PULS) and currently continue to hold those NYSE: PULS shares, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
After Bel Fuse, Inc announced that it proposed to acquire all outstanding shares of Pulse Electronics Corporation (NYSE: PULS) common stock for $6.00 an investigation on behalf of investors of Pulse Electronics Corp (Public, NYSE:PULS) over possible breaches of fiduciary duty was announced.
The investigation by a law firm concerns whether certain directors and officers at Pulse Electronics Corp (Public, NYSE:PULS) or others breached or will breach their fiduciary duties in connection with proposed takeover by Bel Fuse, Inc.
On Monday, Feb 28, 2011, Bel Fuse, Inc. (NASDAQ: BELFA) (NASDAQ: BELFB) announced that it has made a proposal to acquire all of the outstanding shares of Pulse Electronics Corporation (NYSE: PULS) common stock for per share consideration of $6.00.
The bid represents a premium of 11% to Pulse Electronics' closing share price on February 25, 2011 and a premium of approximately 22.7% to Pulse Electronics' average closing share price for the 60 trading days ended February 25, 2011.
But Pulse Electronics performance is currently improving for its shareholders. Pulse Electronics Corp 12months Total Revenue increased from 2009 to 2010, from $398.80million to $432.48million. Pulse Electronics Corp was able to lower its Net Loss from $193.21million to $38.40million in 2010.
In addition shares of Pulse Electronics Corp (Public, NYSE:PULS) traded as early as January 12, at $5.59 per share, leaving PULS stockholders with only a meager premium.
Therefore the investigation monitors and concerns whether Pulse Electronics Board of Directors will undertake an adequate and fair sales process in the event of a takeover to obtain the maximized consideration for all shareholders of Pulse Electronics Corp (NYSE:PULS) and will breach their fiduciary duties to Pulse Electronics (PULS) shareholder by failing to adequately shop the Company before entering into any transaction. The investigation concerns also whether Bel Fuse, Inc would underpay for NYSE:PULS shares, thus unlawfully harming NYSE: PULS investors. A potential class action lawsuit would seek to maximize the amount of money and information for NYSE:PULS shareholders would receive in a buyout, so the law firm.
