WILMINGTON, Del., Aug. 13, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Planar Systems, Inc. (NASDAQ GM:
PLNR)?
- Did you purchase any of your shares prior to August 13, 2015?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Planar
Systems, Inc. ("Planar" or the "Company") (NASDAQ GM: PLNR)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Leyard Optoeletronic Co., Ltd. ("Leyard"), in a
transaction valued at approximately $156.8
million.
Click here to learn more:
http://rigrodskylong.com/investigations/planar-systems-inc-plnr.
Under the terms of the agreement, shareholders of Planar will
receive $6.58 per share in cash for
each share of Planar they own.
The investigation concerns whether Planar's board of directors
failed to adequately shop the Company and obtain the best possible
value for Planar's shareholders before entering into an agreement
with Leyard. According to Yahoo! Finance, at least one
analyst has issued a price target for Planar stock at $7.50 per share.
If you own the common stock of Planar and purchased your shares
before August 13, 2015, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/planar-systems-inc-plnr.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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SOURCE Rigrodsky & Long, P.A.