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Law Office of Brodsky & Smith, LLC Announces Investigation of ActivIdentity Corporation

Date : 10/12/2010 @ 3:54PM
Source : Business Wire
Stock : Actividentity Corp (MM) (ACTI)
Quote : 3.24  0.0 (0.00%) @ 2:05AM
Actividentity Corp (MM) share price Chart

Law Office of Brodsky & Smith, LLC Announces Investigation of ActivIdentity Corporation

Actividentity Corp (MM) (NASDAQ:ACTI)
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Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of ActivIdentity Corporation (“ActivIdentity”) or the “Company”) (NASDAQ:ACTI) relating to the proposed acquisition by ASSA ABLOY, the parent company of HID Global.

Under the terms of the offer, ActivIdentity shareholders would receive cash of $3.25 for each share of ActivIdentity stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that ActivIdentity stock was trading at $3.20 a share as recently as April 26, 2010 and an analyst set a price target for ActivIdentity stock at $4.50 per share.

If you own shares of ActivIdentity 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 investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.



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