Finkelstein Thompson LLP Announces Investigation of Applied Signal Technology, Inc.
21 Dicembre 2010 - 4:28PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Applied Signal Technology, Inc. (“Applied
Signal” or the “Company”) (Nasdaq: APSG) concerning its potential
acquisition by Raytheon Company. Under the terms of the offer,
Raytheon will commence a tender offer to purchase all of Applied
Signal’s outstanding shares for $38.00 per share in cash for an
aggregate purchase price of $490 million.
The investigation is focused on the potential unfairness of the
deal price to Applied Signal’s shareholders, the process by which
Applied Signal’s directors considered the transaction, and
potential conflicts of interests on the part of Applied Signal
Board members. The tender offer price represents a mere 8% premium
to Applied Signal’s closing price on December 17, 2010.
If you are interested in discussing your rights as an Applied
Signal shareholder, or have information relating to this
investigation, please contact Finkelstein Thompson's Washington, DC
offices at (877) 337-1050 or by email at
contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
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