The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Applie...
20 Diciembre 2010 - 2:10PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Applied Signal Technology, Inc. (“Applied Signal” or
the “Company”) (NasdaqGS: APSG) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to Raytheon Company (“Raytheon”) (NYSE: RTN). Under
the terms of the transaction, Applied Signal shareholders will
receive $38.00 in cash per share for a total transaction value of
approximately $490 million.
The investigation concerns whether the Applied Signal Board of
Directors breached their fiduciary duties to Applied Signal
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Raytheon is underpaying
for Applied Signal shares.
If you own common stock in Applied Signal and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/applied-signal-tech.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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