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The Law Firm of Levi & Korsinsky, LLP Investigates Pulse Electronics Corporation
The Law Firm of Levi & Korsinsky, LLP Investigates Pulse Electronics Corporation
Levi & Korsinsky is investigating the Board of Directors of Pulse Electronics Corporation (“Pulse Electronics” or the "Company") (NYSE: PULS) for possible breaches of fiduciary duty in connection with a merger proposal the Company received from Bel Fuse, Inc.
chennai,
tamilnadu,
India
(pr4links.com)
05/03/2011
New York, NY, March 05, 2011 -- Levi & Korsinsky is investigating the Board of Directors of Pulse Electronics Corporation (“Pulse Electronics” or the "Company") (NYSE: PULS) for possible breaches of fiduciary duty and other violations of state law in connection with a merger proposal the Company received from Bel Fuse, Inc. (Nasdaq: BELFA, BELFB). Under the terms of the proposed deal, Bel Fuse would acquire all outstanding shares of Pulse for $6.00 cash or 0.272 of a share of Bel Class B common stock. The proposed transaction has a total value of approximately $249 million.
Click here to learn more about the investigation: http://www.zlk.com/pulse-electronics-puls.html, or call: 877-363-5972.
The investigation concerns whether the Board of Pulse Electronics is acting in Pulse Electronics shareholders’ best interests by not engaging in negotiations with Bel Fuse. In particular, Avi Eden, a member of the Bel Fuse Board of Directors, said, "Despite our best efforts Pulse Electronics' Board has expressed an unwillingness to engage in meaningful negotiations and has continued to defer discussions to some future time. We believe good corporate governance and their fiduciary responsibilities require the Pulse Electronics Board to seriously consider our value enhancing proposal, which provides immediate and full value to Pulse Electronics' shareholders."
If you own common stock in Pulse Electronics and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pulse-electronics-puls.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP, Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
Contact :
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St, 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com
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