Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of LTX-Credence Corporation
18 11월 2010 - 11:08PM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of LTX-Credence Corporation ("LTX" or the
"Company") (Nasdaq: LTXC) for possible breaches of fiduciary duty
and other violations of state law in connection with their attempt
to complete a sale of the Company to Verigy Ltd. (“Verigy”)
(Nasdaq: VRGY). Under the terms of the proposed transaction, LTX
shareholders are to receive 0.96 shares of Verigy for each share
they own, for a total transaction value of approximately $420
million, or approximately $8.55 per LTX share.
The investigation involves whether the Board of Directors of LTX
breached their fiduciary duties to LTX stockholders by failing to
adequately shop the Company before agreeing to enter into the
transaction and whether LTX has disclosed all material information
to shareholders about the proposed transaction. As recently as June
2010, LTX stock traded above $10.00 per share. Also, according to
Yahoo Finance, the five analysts who follow the Company have an
average target price of $12.60 per share, and one analyst has set a
target price at $18.00 per share.
If you own stock in LTX and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Jonathan M. Stein, Esq. Law Office of Jonathan M. Stein, P.L. 120
E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
Verigy Ltd. (MM) (NASDAQ:VRGY)
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Verigy Ltd. (MM) (NASDAQ:VRGY)
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부터 3월(3) 2024 으로 3월(3) 2025
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