Sunday, May 17, 2009

Pinnacle Partners v. Forgent Networks Inc.

Forgent Networks Inc. is the legal name of a Texas-based enterprise that does business as Asure Software and that trades on Nasdaq as ASUR.

Pinnacle Partners LLC is an activist hedge fund run by David Sandberg with a stake in ASUR.

On May 4, 2009, Sandberg filed a Schedule 13D on Pinnacle's behalf announcing his/its intention to initiate a proxy fight in hopes of voting down the "going private" transaction on which the stockholders will vote at a special meeting scheduled for June 2, 2009.

I'll just lazily link you to a further discussion by a less indolent blogger, "Dave in Hackensack" as he calls himself.


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