Actividentity Corp (MM) (NASDAQ:ACTI)
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5 Years : From Aug 2011 to Aug 2016
Law Offices of Howard G. Smith announces that it is investigating
potential claims against the board of directors of ActivIdentity
Corporation (“ActivIdentity” or the “Company”) (NASDAQ:ACTI) related to
the Company’s agreement to be acquired by ASSA ABLOY AB (“ASSA ABLOY”).
The proposed cash transaction is valued at approximately $162 million.
Under the terms of the definitive agreement entered into by the parties,
ActivIdentity shareholders will receive $3.25 in cash for each share of
the Company’s common stock they own. The transaction is expected to
close in December 2010. If the transaction is completed, ActivIdentity
will become part of ASSA ABLOY’s HID Global business. The investigation
concerns possible breaches of fiduciary duty and other violations of law
related to approval of the proposed transaction by ActivIdentity’s board
If you own shares of ActivIdentity, if you have information or would
like to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.