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wzebra33

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wzebra33

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Friday, 12/03/2010 11:10:14 AM

Friday, December 03, 2010 11:10:14 AM

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Ulticom shareholders approve $90M sale to Platinum

Ulticom Inc. said Thursday that shareholders approved sale of the telecommunications-software provider to Platinum Equity LLC for $90 million.

Platinum will pay $2.33 per share in cash after Ulticom pays its shareholders a special dividend of $5.74 per share.

The deal is expected to close Friday after majority stockholder Comverse Technology Inc. sells its Ulticom shares to Platinum, a buyout firm founded in 1995.

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