SHAREHOLDER ALERT: Brower Piven Announces Class Action Lawsuit in Connection With the Sale of Measurement Specialties, Inc. -...
15 Juillet 2014 - 11:53PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the New Jersey Superior Court, Essex County, on behalf
of all common stockholders of Measurement Specialties, Inc.
("Measurement Specialties" or the "Company") (Nasdaq:MEAS). The
complaint asserts that the Company's Board of Directors breached
their fiduciary duties in connection with the sale of the Company
to TE Connectivity Ltd. ("TE Connectivity").
Under the terms of the transaction, Measurement Specialties
shareholders will receive $86 in cash for each share of Measurement
Specialties stock they own. The claims asserted in the lawsuit
concern whether the Board of Directors of Measurement Specialties
breached their fiduciary duties to stockholders by failing to
maximize shareholder value before agreeing to enter into this
transaction, and whether TE Connectivity is underpaying for
Measurement Specialties shares.
If you currently own common stock of Measurement Specialties and
would like to learn more about this lawsuit and your ability to
participate as a plaintiff, without cost or obligation to you,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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