Law Firm Brower Piven Announces Investigation of Valpey-Fisher Corporation
17 November 2011 - 5:40PM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Valpey-Fisher Corporation (“VPF”)
(NasdaqCM: VPF) and other violations of state law by the board of
directors of VPF relating to the proposed acquisition of the
company by CTS Corporation (“CTS”). The firm’s investigation seeks
to determine, among other things, whether the board breached their
fiduciary duties by failing to maximize shareholder value.
On November 17, 2011, CTS and VPF jointly announced that they
had entered into a definitive agreement whereby CTS will acquire
VPF for $4.15 per share in cash. According to the press release,
the transaction is expected to close in January 2012.
If you currently own shares of VPF and would like to learn more
about the investigation being conducted by Brower Piven, you may
email or call Brower Piven, who will, without obligation or cost to
you, attempt to answer your questions. You may contact Brower Piven
by email at hoffman@browerpiven.com, by calling 410/415-6616, or at
Brower Piven, A Professional Corporation, 1925 Old Valley Road,
Stevenson, Maryland 21153. Brower Piven is a Maryland-based firm
that is knowledgeable of the Maryland legal standards that will
apply in seeking to protect shareholders' rights. Attorneys at
Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.
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