Symmetricom, Inc.(NASDAQ:SYMM) Investor Investigation Over Potential Wrongdoing In Takeover

If you purchased shares of Symmetricom, Inc.(NASDAQ:SYMM) and currently hold any of those NASDAQ:SYMM shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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October 29, 2013 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Symmetricom, Inc.(NASDAQ:SYMM) shares, was announced concerning whether the takeover of Symmetricom, Inc. by Microsemi Corporation for $7.18 per share is unfair to NASDAQ:SYMM stockholders.

The investigation by a law firm concerns whether certain officers and directors of Symmetricom, Inc. breached their fiduciary duties owed to NASDAQ:SYMM investors in connection with the proposed acquisition.

On October 21, 2013, Microsemi Corporation and Symmetricom, Inc. announced that they have entered into an agreement to acquire Symmetricom, Inc. for $7.18 per share through a cash tender offer.

However, the investigation concerns whether the $7.18-offer is unfair to Symmetricom, Inc.(NASDAQ:SYMM stockholders. More specifically, the investigation concerns whether the Symmetricom Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On Oct. 29, 2013, shares of Symmetricom, Inc.(NASDAQ:SYMM) closed at $7.18 per share.