The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Herley Industries, Inc. i...
14 Febrero 2011 - 5:22PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Herley Industries, Inc. (“Herley” or the “Company”)
(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. (“Kratos”)
(Nasdaq: KTOS). Under the terms of the proposed deal, Kratos will
acquire all outstanding shares of Herley common stock in a tender
offer for $19.00 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 Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/herley-industries-hrly.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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