Law Office of Brodsky & Smith, LLC Announces Investigation of LeCroy Corporation
02 Juni 2012 - 6:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
LeCroy Corporation (“LeCroy” or the “Company”) (Nasdaq: LCRY)
relating to the proposed acquisition by Teledyne Technologies, Inc.
(“Teledyne”).
Under the terms of the transaction, LeCroy shareholders would
receive only $14.30 in cash for each share of LeCroy stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
LeCroy for not acting in the Company’s shareholders' best interests
in connection with the sale process Teledyne. LeCroy stock traded
at $15.78 a share as recently as February 2, 2011 and an analyst
has placed a price target for LeCroy stock at $16.00 per share.
If you own shares of LeCroy stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/431-lcry-lecroy-corporation.html, or by
calling toll free 877-LEGAL-90.
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