Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/hyc)
is investigating potential claims against the board of directors of
Hypercom Corporation ("Hypercom" or the "Company") (NYSE: HYC)
concerning possible breaches of fiduciary duty and other violations of
law related to the Company’s efforts to sell Hypercom to VeriFone
Systems, Inc. in a transaction with a value of approximately $485
million.
Our investigation concerns possible breaches of fiduciary duty and other
violations of law related to approval of the transaction by Company’s
board of directors; in particular, whether the Company undertook a fair
process to obtain fair consideration for all shareholders of Hypercom.
For more information regarding our investigation, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218
or by email at rmaniskas@rmclasslaw.com
or visit: www.rmclasslaw.com/cases/hyc.
Under the terms of the merger agreement, Hypercom shareholders will
receive a fixed ratio of 0.23 shares of VeriFone System, Inc. common
stock for each Hypercom share they own, valued at approximately $7.32
per share based on the stock’s closing price on November 16, 2010.
If you own shares of Hypercom and would like to learn more about these
claims or if you wish to discuss these matters and have any questions
concerning this announcement or your rights, contact Richard A.
Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online,
visit: www.rmclasslaw.com/cases/hyc.
You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com.
For more information about class action cases in general, please visit
our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal
courts nationwide.
