BUYOUT OF VERSANT - LAW FIRM SEEKS MORE MONEY FOR SHAREHOLDERS
October 1, 2012
New York, New York -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating the acquisition of Versant Corp. Versant Corporation ("Versant") (VSNT), announced today that it has signed a definitive agreement to be acquired by UNICOM Systems, Inc. ("UNICOM"), . The agreement provides for a merger of Versant with a subsidiary of UNICOM in which shareholders of Versant common stock will receive $11.50 per common share in cash.
The investigation concerns whether the board of directors of Versant breached their fiduciary duties by not engaging in a full and fair auction for the company to obtain the highest price possible for shareholders while not extracting personal benefits for themselves, including new employment agreements and stock options.
If you are a shareholder of Versant and would like additional information please contact us toll free at 877-772-3975 or email at contact @ tripplevy