Pulse Electronics Files Investor Presentation
April 12, 2011 8:01 AM
Pulse Electronics Corporation (NYSE: PULS) today announced that it has made publicly-available an investor presentation that details Pulse's comprehensive plan to enhance shareholder value and why Pulse shareholders should vote for the Company's highly qualified Board of Director nominees at the Annual Meeting of Shareholders on May 18, 2011.
On February 28, 2011, Pulse received an unsolicited, highly uncertain and opportunistic proposal from one of its direct competitors, Bel Fuse Inc. (NASDAQ: BELFA) (NASDAQ: BELFB), to acquire the Company for $6.00 per share in cash or non-voting stock. In accordance with its fiduciary duties, Pulse's Board of Directors reviewed the proposal in consultation with financial and legal advisors and on March 10, 2011 unanimously rejected it.
