Law Office of Brodsky & Smith, LLC Announces Investigation of Otix Global, Inc.
September 21 2010 - 11:19AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Otix Global, Inc. (“Otix” or the “Company”) (Nasdaq: OTIX) relating
to the proposed acquisition by William Demant Holding.
Under the terms of the offer, OTIX shareholders would receive
cash of $8.60 for each share of Otix 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 Otix may be required to pay $2 million
if it terminates the transaction and, according to Yahoo! Finance,
an analyst has set a price target for Otix stock at $15.00.
If you own shares of Otix 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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