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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Hypercom Corporation in Connection with the

^{Published on 2010-11-17 16:40:32 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Hypercom Corporation (aHypercoma or the aCompanya) (NYSE:HYC) related to the Companya™s agreement to be acquired by VeriFone Systems, Inc. (aVeriFonea). The proposed transaction is valued at approximately $485 million, including assumed debt.

Under the terms of the definitive agreement entered into by the parties, Hypercom shareholders will receive a fixed ratio of 0.23 shares of VeriFone common stock for each Hypercom share they own, valued at approximately $7.32 per share based on the stocka™s closing price on November 16, 2010. The board of directors of Hypercom has unanimously approved the terms of the proposed transaction. The transaction is expected to close in the second half of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Hypercoma™s board of directors.

If you are a shareholder of Hypercom, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].