BALA CYNWYD, Pa., Oct. 11, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Versant Corp. ("Versant" or the "Company") (Nasdaq: VSNT) relating to the proposed acquisition by Unicom Systems, Inc. ("Unicom").
Under the terms of the transaction, Versant shareholders will receive only $11.50 in cash for each share of Versant stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Versant for not acting in the Company's shareholders' best interests in connection with the sale process to Unicom. The transaction may undervalue the Company and result in a substantial loss for many Versant shareholders. For example Versant stock traded at $12.22 on October 27, 2011.
If you own shares of Versant stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com visiting http://brodsky-smith.com/487-vsnt-versant-corporation.html, by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC