MSC Software has sold itself to a private equity group for $360 million (about $7.63 per share). Buyers are Symphony Technology Group and Elliott Management Corp.
But Lawyers Unhappy
Shareholders Foundation is hoping to cash in on the sale by declaring the price too low. The...
...deal appears to be unfair, given the fact that ... as recently as October 2008, was trading above $10.25 a share, substantially higher than the current offer.
Solution? Sue 'em -- the surefire way of making unhappy lawyers happy again.