BALA CYNWYD, Pa., July 8, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of MSC Software Corporation ("MSC Software" or the "Company") (Nasdaq:MSCS) relating to the proposed acquisition 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. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the MSC Software board's approval of the proposed transaction. 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.