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Finkelstein Thompson LLP Announces Investigation of Herley Industries, Inc.

Dépèche transmise le 9 février 2011 par Business Wire

Finkelstein Thompson LLP Announces Investigation of Herley Industries, Inc.

WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Herley Industries, Inc. (“Herley” or the “Company”) (Nasdaq: HRLY) concerning the proposed acquisition of the Company by Kratos Defense & Security Solutions, Inc. through an all-cash tender offer and second-step merger.

Under the terms of the tender offer, Herley shareholders will receive $19.00 in cash for each share of the Company's common stock held in a transaction valued at approximately $270 million. The investigation is focused on the potential unfairness of the consideration to Herley shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Herley’s Board members.

If you are interested in discussing your rights as a Herley shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [email protected].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.