The Law Firm of Weiss & Lurie Investigates the Sale of CPI International, Inc. to Private Equity Firm Veritas Capital
29 November 2010 - 11:18PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by members of the Board of Directors of CPI
International, Inc. (NASDAQ: CPII) arising from the proposed sale
of CPI to private equity firm Veritas Capital.
Under the terms of the transaction, CPI shareholders will
receive $19.50 in cash for each share of CPI stock they hold. The
total value of the transaction is approximately $525 million,
including debt.
Weiss & Lurie is investigating whether CPI’s Board acted in
the best interests of shareholders in approving the proposed
transaction and whether CPI’s Board properly sought to maximize
shareholder value.
If you own common stock in CPI and would like more information
about your rights as a shareholder or additional information
concerning our investigation, please contact Michael A. Rogovin
either by email at infony@weisslurie.com or by telephone at (888)
593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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