LDSH Ladish Co., Inc. (MM)

Kendall Law Group, led by former federal judge Joe Kendall, is investigating Ladish Co., Inc. (NASDAQ: LDSH) for shareholders in connection with the proposed acquisition by Allegheny Technologies Incorporated. The national securities firm’s investigation seeks to determine whether Ladish and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Ladish shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On November 17, 2010, the companies announced the definitive merger agreement under which Ladish would be acquired by Allegheny, in a transaction valued at approximately $778 million. Under the terms of the agreement, Ladish stockholders will receive $24.00 in cash and 0.4556 of a share of Allegheny (NYSE: ATI) common stock for each share of Ladish/LDSH common stock held. Ladish recently announced its third quarter results, reporting an increase in net sales from $76.2 million to $100.3 million and an increase in net income over the same period last year. Ladish president and Chief Executive Officer, Gary Vroman said “all business units are performing well, outpacing both last year and expectations for this year.” Due to these factors, the firm believes the transaction may be undervaluing the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

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