Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of White Electronic Designs Corp. - WEDC
02 4월 2010 - 11:24PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
White Electronics Designs Corp. (“WEDC” or the “Company”)
(NasdaqGM: WEDC) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to Microsemi Corporation ("Microsemi") (NasdaqGS:
MSCC). Under the terms of the transaction, WEDC shareholders will
receive $7.00 in cash for each WEDC share of common stock they own
for a total transaction value of approximately $163 million, or a
net transaction value of approximately $100 million, net of WEDC's
projected cash balance at closing.
The investigation concerns whether the WEDC Board of Directors
breached their fiduciary duties to WEDC stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Microsemi is underpaying for WEDC shares, thus
unlawfully harming WEDC stockholders.
If you own common stock in WEDC and wish to obtain additional
information, please contact us at the number listed below or visit
http://www.zlk.com/wedc1.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.
White Electronic Designs Corp. (MM) (NASDAQ:WEDC)
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White Electronic Designs Corp. (MM) (NASDAQ:WEDC)
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부터 2월(2) 2024 으로 2월(2) 2025
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