Levi & Korsinsky, LLP Announces Class Action Lawsuit Against Axsys Technologies, Inc. -- AXYS
June 25 2009 - 11:39AM
Marketwired
Levi & Korsinsky announces that a class action lawsuit has been
filed in Connecticut state court challenging the proposed
acquisition of Axsys Technologies, Inc. ("Axsys" or the "Company")
(NASDAQ: AXYS).
The Complaint arises out of the announcement by Axsys stating
that it had entered into a definitive merger agreement with General
Dynamics Corp. Under the terms of the merger agreement, Axsys
shareholders will receive $54 in cash for each share they own for a
total transaction value of approximately $643 million. The price
appears to be unfair given that in 2008 Axsys generated $245.48
million in total revenue with a net income of $25.87 million and
Axsys shares traded over $72 per share as recently as December
2008. If you own common stock in Axsys and wish to obtain
additional information, please contact us at the number listed
below or visit http://www.zlk.com/axys1.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.
CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. Juan
E. Monteverde, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com
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