SHAREHOLDER ALERT: Investors in Anaren, Inc. Are Encouraged To Contact Wolf Haldenstein
04 Dicembre 2013 - 6:06PM
Business Wire
The law firm of Wolf Haldenstein Adler Freeman & Herz LLP
announces that it is investigating the actions of the Board of
Directors and senior management of Anaren, Inc. (“Anaren” or the
“Company”) (NasdaqGS:ANEN) for potential breaches of fiduciary
duties in connection with the sale of the Company to an affiliate
of The Veritas Capital Fund IV, L.P. (“Veritas”), which already
owns over 12% of the Company’s outstanding common stock. Under the
terms of the proposed transaction, Anaren's stockholders will
receive $28.00 for each share of Anaren common stock they own.
Moreover, on November 27, 2013, Anaren and its management team
filed with the Securities and Exchange Commission a Schedule 14A
Preliminary Proxy Statement (“Preliminary Proxy”) that they intend
to send to stockholders as part of the solicitation of proxies by
the Anaren Board to complete the proposed transaction.
The investigation concerns whether the Anaren Board of Directors
breached their fiduciary duties to stockholders by failing to
consider all available strategic alternatives and whether the
Preliminary Proxy omits material information concerning the process
employed to sell the Company to Veritas, and whether the proposed
consideration is adequate in light of the Company’s circumstances.
Indeed, members of Anaren’s management and Board also have executed
a voting agreement whereby the have agreed to vote their shares in
favor of the deal.
Wolf Haldenstein has represented individual and institutional
investors for many years, serving as lead counsel in numerous cases
in United States federal and state courts. Please visit the Wolf
Haldenstein website (http://www.whafh.com) for more information
about the firm. For further information on this matter please click
here.
Please contact us if you are a stockholder of Anaren securities
who purchased shares before November 4, 2013, and wish to discuss
this matter with us. There is no cost to stockholders.
Gregory M. Nespole, Esq. Wolf Haldenstein Adler Freeman
& Herz LLP 270 Madison Avenue New York, New York 10016
Phone Numbers: (800) 575-0735 (212) 545-4657
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Wolf Haldenstein Adler Freeman & Herz LLPGregory M. Nespole,
Esq.(800) 575-0735(212) 545-4657
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