Law Office of Brodsky & Smith, LLC Announces Class Action Lawsuit Against MSC Software Corporation
BALA CYNWYD, PA -- (Marketwire) -- 07/10/09 -- Law office of Brodsky & Smith, LLC
announces that a class action lawsuit has been filed in the Superior Court
of California against MSC Software Corporation ("MSC Software" or the
"Company") (NASDAQ: MSCS) and the Company's Board of Directors challenging
the proposed acquisition of MSC Software by Symphony Technology Group and
Elliott Management Corp.
Under the proposed agreement, MSC Software shareholders will receive $7.63
in cash for each share of MSC Software they own. The deal is valued at
approximately $360 million. On June 1, 2009, MSC Software was trading at
the exact price now offered by Symphony Technology Group and Elliott
Management Corp. Moreover, throughout 2008, MSC Software traded at
significantly above the offer price and as recently as October 2008, was
trading above $10.25 a share, substantially higher than the current offer.
If you own shares of MSC Software and wish to discuss the legal
ramifications of the proposed acquisition by Symphony Technology Group and
Elliott Management Corp., 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 Marc Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com,
or by calling toll free 877-LEGAL-90.