The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
11 November 2010 - 11:11PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Optelecom-NKF, Inc. (“Optelecom-NKF” or the “Company”) (NasdaqCM:
OPTC) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company
to TKH Group N.V. (“TKH”) (AMS: TWEKA). Under the terms of the
transaction, Optelecom-NKF shareholders will receive $2.45 in cash
per share. The transaction, which is expected to close in the first
quarter of 2011, is subject to the approval of Optelecom-NKF's
stockholders and other customary closing conditions.
Click here to learn how to join the action:
http://www.zlk.com/optelecom-nkf-optc.html, or call:
877-363-5972.
The investigation concerns whether the Optelecom-NKF Board of
Directors breached their fiduciary duties to Optelecom-NKF
stockholders by failing to adequately shop the Company before
entering into this transaction and whether TKH is underpaying for
Optelecom-NKF shares, thus unlawfully harming Optelecom-NKF
stockholders. In particular, Optelecom-NKF stock has traded as high
as $2.80 on March 5, 2010 and, for the most recent quarter, the
Company reported a book value of $4.18 per share.
If you own common stock in Optelecom-NKF and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/optelecom-nkf-optc.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below.
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