The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Applied Signal Technology, Inc. by Rayth...
20 Dicembre 2010 - 10:36PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors ("Board") of Applied Signal
Technology, Inc. ("Applied Signal" or the "Company") (NASDAQ:APSG)
in connection with their efforts to sell Applied Signal to Raytheon
Company ("Raytheon") (NYSE:RTN). The transaction will be
accomplished through an all-cash tender offer and one-step merger.
If the transaction is completed, Applied Signal shareholders will
receive $38.00 in cash for each share of Applied Signal common
stock they hold. The transaction is expected to be completed in the
first quarter of 2011.
Robbins Umeda LLP's investigation concerns whether Applied
Signal's Board undertook a fair process to obtain fair
consideration for all shareholders of Applied Signal. Specifically,
our investigation concerns whether members of the Company's Board
breached their fiduciary duties to Applied Signal shareholders by
failing to adequately shop the Company before entering into the
transaction with Raytheon.
If you are a shareholder of Applied Signal, plan to continue to
hold your shares, and would like more information about your rights
as a shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights lawyers. Robbins
Umeda LLP has helped its clients realize more than $1 billion of
value for themselves and the companies in which they have invested.
For more information, please go to http://www.robbinsumeda.com.
Attorney Advertising. Past results do not guarantee a similar
outcome. We invite you to contact us today to discuss your
case.
Grafico Azioni Applied Signal Technology, Inc. (MM) (NASDAQ:APSG)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Applied Signal Technology, Inc. (MM) (NASDAQ:APSG)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Applied Signal Technology, Inc. (MM) (NASDAQ): 0 articoli recenti
Più Law Office of Robbins Umeda LLP Articoli Notizie