April 10, 2015 (Shareholders Foundation) - An investor, who currently holds shares of Pulse Electronics Corp (OTCMKTS:PULS), filed a lawsuit in effort to stop the proposed takeover of Pulse Electronics Corp by Oaktree Capital Management, L.P at $1.50 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to OTCMKTS:PULS stockholders by agreeing to sell Pulse Electronics Corp. too cheaply via an unfair process.

On March 2, 2015 -- Pulse Electronics Corp (OTCMKTS:PULS) announced that it has entered into an agreement with certain affiliates of investment funds managed by Oaktree Capital Management, L.P. (such affiliates, “Oaktree”), under which Oaktree will invest a total of $17.0 million in Pulse and subsequently acquire 100% of the outstanding shares of Pulse Electronics Corp. Pulse Electronics Corp (OTCMKTS:PULS) shareholders will be entitled to receive $1.50 in cash for each share of common stock they hold immediately prior to the closing of the merger.

However, the plaintiff claims that the proposed consideration OTCMKTS:PULS shareholders will receive is grossly inadequate and undervalues Pulse Electronics Corp. Indeed, shares of Pulse Electronics Corp (OTCMKTS:PULS) traded as recently as March 2014 as high as $4.10 per share and reached after the takeover announcement as high as $1.69 per share on April 6, 2015. In addition, the plaintiff claims that the process is also unfair to OTCMKTS:PULS stockholders.

On April 10, 2015, shares of Pulse Electronics Corp (OTCMKTS:PULS) closed at $1.50 per share.