EDAC Edac Technologies Corp. (MM)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of EDAC Technologies Corporation (“EDAC” or the “Company”) (NASDAQ: EDAC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to GB Aero Engine LLC, an affiliate of Greenbriar Equity Group LLC, in a cash deal valued at approximately $104.1 million. Under the terms of the proposed transaction, EDAC’s stockholders will receive $17.75 for each share of EDAC common stock they own. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.

Request more information now by clicking here: www.faruqilaw.com/EDAC. There is no cost or obligation to you.

The investigation focuses on whether EDAC’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 and by how much this proposed transaction undervalues the Company to the detriment of EDAC’s shareholders.

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 EDAC and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/EDAC 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.

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Edac Technologies Corp. (MM) (NASDAQ:EDAC)
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Von Nov 2024 bis Dez 2024

Edac Technologies Corp. (MM) (NASDAQ:EDAC)
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Von Dez 2023 bis Dez 2024