Faruqi & Faruqi, LLP Announces Investigation of LeCroy Corporation
May 31 2012 - 7:05PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of LeCroy Corporation (“LeCroy” or the “Company”)
(NASDAQ: LCRY) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Teledyne Technologies Incorporated (NYSE: TDY) in an all-cash deal
valued at about $291 million, taking into account LeCroy’s stock
options, stock appreciation rights and net debt as of March 31,
2012. Under the terms of the proposed transaction, LeCroy’s
stockholders will receive $14.30 in cash for each share of LeCroy’s
common stock they own, while according to Yahoo! Finance, at least
one financial analyst has set a price target of $16.00 for
LeCroy.
Request more information now by clicking here:
www.faruqilaw.com/LCRY. There is no cost or obligation to you.
Whether LeCroy’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues LeCroy’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of LeCroy’s 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, throughout 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 LeCroy and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/LCRY 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) 2012 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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