Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of Applied Signal Technology, Inc. by Raytheon Company
20 Diciembre 2010 - 4:12PM
Business Wire
Levetown & Jenkins, LLP is conducting an investigation into
alleged breaches of fiduciary duties and violations of state law by
Applied Signal Technology, Inc. (“APSG”) (NASDAQ: APSG) and its
Board of Directors in conjunction with the proposed buyout and
acquisition of APSG by Raytheon Company (NYSE: RTN). Under the
terms of a definitive merger agreement announced on December 20,
2010, APSG shareholders will receive $38.00 in cash for each share
of APSG common stock they hold, with Raytheon offering an aggregate
purchase price of approximately $490 million, net of cash acquired.
The transaction is expected to close in early 2011.
The firm’s investigation concerns whether the proposed
acquisition properly values APSG. Specifically, the investigation
seeks to determine whether the APSG Board of Directors engaged in a
fair process to obtain adequate consideration for all of the
company's shareholders, whether the transaction undervalues the
company to the detriment of its shareholders and, if so, the extent
to which the company is undervalued in the proposed
transaction.
Levetown & Jenkins, LLP is a national law firm comprised of
former federal and state prosecutors with extensive experience in
the investigation and prosecution of shareholder fraud. The firm
specializes in the representation of investors in shareholder and
securities fraud class actions. If you currently own shares of APSG
and wish to obtain additional information about your rights as a
shareholder, please contact Michael T. Harrison, Esq. at (713)
392-7465 or mharrison@levjen.com. For more information about the
firm, please visit www.levjen.com.
Attorney Advertising. (C) 2010 Levetown & Jenkins, LLP. The
law firm responsible for this advertisement is Levetown &
Jenkins, LLP (www.levjen.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We are
happy to discuss your particular case.
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