The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Herley Ind...
08 Febrero 2011 - 1:35PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Herley Industries, Inc. (Nasdaq: HRLY) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Kratos Defense &
Security Solutions, Inc. (Nasdaq: KTOS). Under the terms of the
proposed transaction, Kratos will acquire all outstanding shares of
Herley common stock in a tender offer for $19.00 cash per share for
a total transaction value of approximately $270 million.
The investigation concerns whether the Herley Board of Directors
breached their fiduciary duties to Herley stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Kratos is underpaying for Herley
shares.
If you own common stock in Herley 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/herley-industries.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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