NEW YORK, May 29, 2012 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of LeCroy Corporation ("LeCroy" or the "Company")
(NASDAQ: LCRY) concerning the proposed acquisition of the Company
by Teledyne Technologies Inc. ("Teledyne") in a transaction valued
at approximately $240.5 million.
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On May 29, 2012, it was announced
that LeCroy and Teledyne have entered into a definitive agreement
pursuant to which Teledyne will acquire LeCroy. Under the
agreement, LeCroy shareholders will receive $14.30 in cash per share held.
Our investigation concerns whether the LeCroy board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company shareholders.
If you own LeCroy shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:bsachsmichaels@hfesq.com
Website:http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising.© 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP