Pomerantz Law Firm Investigates Claims on Behalf of Investors of LeCroy Corporation
29 Maggio 2012 - 5:36PM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors of LeCroy Corporation (“LeCroy” or
the “Company”) (NASDAQ: LCRY) (ISIN: US52324W1099) concerning the
proposed acquisition of LeCroy by Teledyne Technologies
Incorporated in a cash transaction valued at approximately $291
million.
The investigation concerns whether the LeCroy directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, LeCroy shareholders would receive $14.30 in cash per
share of LeCroy common stock. However, the price to EBITDA, revenue
and net income are below that of comparable transactions.
Additionally, at least one analyst has set a target price of $16
per share of LeCroy common stock.
LeCroy shareholders seeking more information about this
acquisition are advised to contact Rebecca Jarmon at
rjarmon@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York and Chicago, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the dean of the class action bar,
the Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
Grafico Azioni Lecroy (NASDAQ:LCRY)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Lecroy (NASDAQ:LCRY)
Storico
Da Set 2023 a Set 2024
Notizie in Tempo Reale relative a Lecroy Corp. (MM) (NASDAQ): 0 articoli recenti
Più Pomerantz Haudek Grossman & Gross LLP Articoli Notizie