Rigrodsky & Long, P.A. Announces Investigation Of LeCroy Corp. Over Its Agreement To Be Acquired By Teledyne Technologies Inc...
29 Mai 2012 - 3:23PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of LeCroy
Corporation (“LeCroy” or the “Company”) (NASDAQ GM: LCRY) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Teledyne Technologies Incorporated (“Teledyne”) (NYSE: TDY) in a
transaction valued at approximately $291 million, which includes
LeCroy’s stock options, stock appreciation rights and net debt as
of March 31, 2012.
Click here to learn more:
http://www.rigrodskylong.com/investigations/lecroy-corporation-lcry.
Under the terms of the proposal, public shareholders of LeCroy
will receive $14.30 per share in cash for each share of LeCroy they
own. According to Yahoo! Finance, at least one analyst has set a
price target for LeCroy stock at $16.00 per share.
If you own the common stock of LeCroy and purchased your shares
before May 29, 2012, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Peter
Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard,
Suite 300, Garden City, New York 11530 toll free at (888) 969-4242,
by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/lecroy-corporation-lcry.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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