Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Optelecom-NKF, Inc. in Connection with th...
November 11 2010 - 9:02PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Optelecom-NKF, Inc. (“Optelecom-NKF” or the “Company”)
(NASDAQ:OPTC) related to the Company’s agreement to be acquired by
a subsidiary of Netherlands-based TKH Group N.V. in a proposed
all-cash transaction.
Under the terms of the definitive merger agreement entered into
by the parties, Optelecom-NKF shareholders will receive $2.45 in
cash for each share they own of the Company’s common stock. The
Board of Directors of Optelecom-NKF has unanimously approved the
merger agreement. The transaction is expected to be completed in
the first quarter of 2011. The investigation concerns possible
breaches of fiduciary duty and other violations of law related to
approval of the proposed transaction by Optelecom-NKF’s board of
directors.
If you are a shareholder of Optelecom-NKF, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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