Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of CPI International, Inc., in Connection wi...
30 November 2010 - 1:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
CPI International, Inc. (“CPI” or the “Company”) (NASDAQ:CPII)
related to the Company’s agreement to be acquired by an affiliate
of Veritas Capital Fund IV (“Veritas Capital”). The proposed cash
transaction is valued at approximately $525 million.
Under the terms of the definitive merger agreement entered into
by the parties, CPI shareholders will receive $19.50 in cash for
each share they own of the Company’s common stock. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by CPI’s board of directors.
If you are a shareholder of CPI, 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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