Micronetics, Inc. Shareholder Alert: The Briscoe Law Firm & Powers Taylor, LLP Investigate Sale of Micronetics, Inc. to Mercu...
June 11 2012 - 3:18PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Micronetics, Inc. (“Micronetics”
or “NOIZ”) (NASDAQ: NOIZ) to Mercury Computer Systems, Inc. for
shareholders. Under the proposed transaction, Micronetics
shareholders will only receive $14.80 in cash for each share of
Micronetics/NOIZ stock owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Zachary Groover at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
zach@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
This proposed transaction is valued at approximately $75.4
million, including the assumption of debt.
The investigation centers on whether Micronetics shareholders
are receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues Micronetics stock, and whether
Micronetics’ board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal. “Due to the recent
growth of the company, we believe that the transaction may
undervalue Micronetics stock. Our lawsuit will seek to obtain the
highest share price for all shareholders,” said shareholder rights
attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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