WASHINGTON, July 8, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims arising from the proposed buyout of MSC Software Corp. ("MSC" or the "Company") (Nasdaq:MSCS) by private equity firm Symphony Technology Group and private investment firm Elliott Management Corp. Under the terms of the proposed buyout, MSC shareholders will receive $7.63 per share in a deal valued at approximately $360 million.
The investigation is focused on the potential unfairness of the proposed merger price and of the process by which MSC's Board of Directors approved the agreement. Notably, just one month ago, MSC's stock price was trading above the price currently offered in the proposed buyout. Indeed, the Company's shares traded as high as $13.76 within the past year.
If you are interested in discussing your rights as an MSC shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.