The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
17 Novembre 2010 - 5:55PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Ladish Co., Inc. (“Ladish” or the “Company”) (NasdaqGS: LDSH) for
possible breaches of fiduciary duty and other violations of state
law in connection with their attempt to sell the Company to
Allegheny Technologies Incorporated (“ATI”) (NYSE: ATI). Under the
terms of the transaction, Ladish shareholders will receive $24.00
in cash and 0.4556 of a share of ATI common stock for each share
they own for a total transaction value of approximately $778
million. Based on the volume weighted average price of ATI common
stock over the last 10 trading days ending November 16, 2010, the
aggregate consideration on a fully diluted basis is $48.00 per
Ladish share.
Click here to learn how to join the action:
http://www.zlk.com/ladish-ldsh.html, or call: 877-363-5972.
The investigation concerns whether the Ladish Board of Directors
breached their fiduciary duties to Ladish stockholders by failing
to adequately shop the Company before entering into this
transaction and whether ATI is underpaying for Ladish shares, thus
unlawfully harming Ladish stockholders.
If you own common stock in Ladish and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://www.zlk.com/ladish-ldsh.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below.
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