Law Office of Brodsky & Smith, LLC Announces Investigation of Herley Industries, Inc.
10 Febrero 2011 - 5:38PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Herley Industries, Inc. (“Herley” or the “Company”) (Nasdaq: HRLY)
relating to the proposed acquisition by Kratos Defense &
Security Solutions, Inc. (“Kratos Defense”) in a transaction valued
at approximately $270 million.
Under the terms of the offer, Herley shareholders would receive
$19.00 in cash for each share of Herley common stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Herley
by not acting in Herley shareholders' best interests in connection
with the sale process to Kratos Defense. The transaction appears to
be unfair, in part, given the nominal premium being offered to
Herley shareholders.
If you own shares of Herley and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/261-hrly-herley-industries-inc.html, or by
calling toll free 877-LEGAL-90.
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