The Law Office of Joseph Klein is Investigating into the Possible Breaches of Fiduciary Duty by the Board of Ladish Co., Inc....
November 22 2010 - 7:29PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Ladish Co., Inc. (NasdaqGS: LDSH) for possible
breaches of fiduciary duty and other violations of state law in
connection with their attempt to sell the Company to Allegheny
Technologies Incorporated (“ATI”) (NYSE: ATI). Under the terms of
the transaction, Ladish shareholders will receive $24.00 in cash
and 0.4556 of a share of ATI common stock for each share they own.
Based on the volume weighted average price of ATI common stock over
the last 10 trading days ending November 16, 2010, the transaction
values Ladish stock at $48.00 per Ladish share for a total
transaction value of approximately $778 million.
The investigation concerns whether the Ladish Board of Directors
breached their fiduciary duties to Ladish stockholders by failing
to adequately shop the Company before entering into this
transaction and whether ATI is underpaying for Ladish shares.
If you own common stock in Ladish and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/ladish-ldsh.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation.
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