Ramius, Tollgrade Communications enter confidentiality agreement

By Lisa Kerner

Charlotte, N.C., June 11 - Investors led by Ramius LLC entered into a confidentiality agreement with Tollgrade Communications, Inc. in order to be furnished with certain non-public, confidential information related to the company.

Under the agreement, the investors' abilities to acquire any securities or assets of the company are restricted, a schedule 13D filed with the Securities and Exchange Commission said.

In addition Ramius and its affiliates, with an 8.7% stake in the company, cannot enter into or propose a merger or acquisition transaction involving Tollgrade through Dec. 8.

According to the filing, Tollgrade announced on April 11 that it had hired an investment firm to help in its ongoing review of strategic alternatives.

Tollgrade, based in Cheswick, Pa., designs, engineers, markets and supports test system and status monitoring hardware and software products for the U.S. telecommunications and cable industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.