Attached files
file | filename |
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8-K - FORM 8-K - ULTICOM INC | c09367e8vk.htm |
EX-3.2 - EXHIBIT 3.2 - ULTICOM INC | c09367exv3w2.htm |
EX-3.1 - EXHIBIT 3.1 - ULTICOM INC | c09367exv3w1.htm |
EX-10.4 - EXHIBIT 10.4 - ULTICOM INC | c09367exv10w4.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
FOR ULTICOM:
Joe Hassett, Senior Vice President
Gregory FCA
877-217-3597
JoeH@GregoryFCA.com
Joe Hassett, Senior Vice President
Gregory FCA
877-217-3597
JoeH@GregoryFCA.com
Ulticom Shareholders Approve Merger Agreement
Mount Laurel, New Jersey December 2, 2010 Ulticom, Inc. (NASDAQ: ULCM) (Ulticom or the
Company) announced that Ulticom shareholders, at a special meeting held today in Mount Laurel,
New Jersey, approved the merger agreement entered into in connection with the Companys previously
announced acquisition by affiliates of Platinum Equity, LLC. Under the terms of the merger
agreement, Ulticoms public shareholders will receive $2.33 per share in cash, after payment of a
special dividend by the Company of $5.74 per share. The Company expects to pay the special
dividend prior to the closing of the Platinum transaction which is expected to occur tomorrow. As
previously announced, the Platinum transaction will be completed in two steps: first, the sale by
Comverse Technology, Inc., the majority shareholder of the Company, of all of its shares in the
Company to an affiliate of Platinum, followed immediately by the consummation of the merger of the
Company with an affiliate of Platinum.
About Ulticom, Inc.
Ulticom (www.ulticom.com) provides service essential signaling component and system solutions for
wireless, wireline, and Internet communications. Ulticoms products are used by leading
telecommunication equipment and service providers worldwide to deploy broadband mobile access,
multimedia transport control, subscriber data management and enhanced communication services.
Ulticom is headquartered in Mount Laurel, NJ with additional offices in the United States, Europe,
and Asia.
About Platinum Equity
Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger,
acquisition and operation of companies that provide services and solutions to customers
in a broad range of business markets, including information technology, telecommunications,
logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom
Gores, Platinum Equity has completed over 100 acquisitions with more than $27.5 billion in
aggregate annual revenue at the time of acquisition.
Forward Looking Statements
Note: This Press Release contains forward-looking statements that involve risks and
uncertainties, including statements relating to the Companys future business performance and the
proposed transactions with Platinum Equity. Important factors that could cause actual results to
differ materially include the timing of consummating the proposed transactions, the risk that a
condition to closing of the proposed transactions may not be satisfied and those risks described in
the Companys Annual Report on Form 10-K filed with the Securities and Exchange Commission on April
20, 2010. The Company makes no commitment to revise or update any forward-looking statements in
order to reflect events or circumstances after the date any such statement is made, except as
otherwise required by the federal securities laws.
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