Bull & Lifshitz, LLP Announces Investigation of the Acquisition of LaserCard Corporation
December 27 2010 - 8:41AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of LaserCard Corporation (NASDAQ: LCRD) (referred to as
"LaserCard" or the “Company”) by ASSA ABLOY AB (“ASSA ABLOY”) in an
all cash tender offer valued at approximately $80 million.
Under the terms of the agreement, a subsidiary of ASSA ABLOY
will commence a cash tender offer to acquire LaserCard’s
outstanding shares of common stock at $6.25 per share, net to each
holder in cash.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders. If you are a holder of LaserCard stock and want to
discuss your legal rights, you may e-mail or call Bull &
Lifshitz, LLP who will, without obligation or cost to you, attempt
to answer your questions.
If you are a shareholder of LaserCard and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to LaserCard.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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