Tripp Levy PLLC announces that a lawsuit was filed on behalf of shareholders of Ladish Co., Inc. (“Ladish” or the “Company”) (Nasdaq:LDSH) concerning the sale of the Company to Allegheny Technologies Inc. (“ATI”) for $24 in cash and 0.4556 shares of ATI stock for every share of common stock owned in a transaction valued at approximately $778 million. The implied value of deal is $46.75 per share based on ATI’s closing price on November 16, the day before the announcement of the transaction.

The lawsuit alleges that a director of Ladish objected to the proposed sale as unfairly low as well as the process. At least one other company was interested in acquiring Ladish with a stock and cash offer but the board decided to agree to ATI. The lawsuit alleges the unfairness of the deal price to Ladish shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Ladish Board members.

If you own Ladish common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Tripp LevyTripp Levy PLLC125 East 82nd Street9th FloorNew York, New YorkToll Free: 877-772-3975Email: contact@tripplevy.com

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