Kendall Law Group Investigates Herley Industries, Inc. for Shareholders
08 Febrero 2011 - 10:18AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Herley Industries, Inc. (NASDAQ: HRLY) for
shareholders in connection with the proposed acquisition by Kratos
Defense & Security Solutions, Inc. The national securities
firm’s investigation seeks to determine whether Herley Industries
and its Board breached their fiduciary duties by entering into the
agreement without properly shopping for a deal that would provide
better value for shareholders. If you are a Herley Industries
shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at skendall@kendalllawgroup.com.
On February 8, 2011, the companies announced the definitive
merger agreement under which Herley Industries would be acquired by
Kratos, in a transaction valued at approximately $270 million.
Under the terms of the agreement, Herley Industries stockholders
will receive $19.00 in cash for each share of Herley
Industries/HRLY common stock held. The firm’s investigation seeks
to determine whether the transaction provides adequate value for
Herley Industry shareholders.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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