Kendall Law Group Investigates EMS Technologies, Inc.
June 14 2011 - 1:52PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating EMS Technologies, Inc. (NASDAQ: ELMG) for
shareholders in connection with the proposed acquisition of the
company by Honeywell International Inc. (“Honeywell”). The national
securities firm’s investigation seeks to determine whether EMS and
its Board breached their fiduciary duties by entering into the
agreement without properly shopping for a deal that would provide
the best value for shareholders. If you are an EMS shareholder and
would like additional information about your rights, contact the
Kendall Law Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On June 13, 2011, the companies announced the definitive merger
agreement under which EMS would be acquired by Honeywell in a
transaction valued at approximately $491 million. The transaction
is expected to close in the third quarter of 2011. Under the terms
of the agreement, EMS stockholders will receive $33.00 in cash for
each share they own. The firm’s investigation seeks to determine
whether EMS and its Board undertook a fair process in negotiating
the deal and whether the consideration to be paid to shareholders
is adequate in light of recently reported above average performance
by EMS.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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