Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Ladish Co., Inc. - LDSH
November 19 2010 - 5:01PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Ladish Co., Inc. (“Ladish” or the “Company”) (NASDAQ:
LDSH) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Allegheny
Technologies Inc. (“Allegheny”) (NYSE: ATI). The proposed
transaction offers Ladish shareholders to only receive $24 in cash
and 0.4556 of a share of Allegheny common stock for each of their
shares. The proposed transaction implies a value of $48.00 per
Ladish share, based on the volume weighted average price of
Allegheny common stock over the 10 trading days ending November 16,
2010. The transaction is valued at $778 million.
Request more information now by clicking here:
www.faruqilaw.com/LDSH
Whether the Ladish’s Board of Directors breached their fiduciary
duties to Ladish’s stockholders by failing to conduct an adequate
and fair sales process to sell the Company prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Ladish’s shares and by how much this proposed
transaction undervalues the Company to the detriment of Ladish
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Ladish and wish to obtain additional
information, please visit us at www.faruqilaw.com/LDSH or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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