The Law Offices of Vincent Wong Announce an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Applie...
December 23 2010 - 6:54PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Applied Signal Technology, Inc. (NasdaqGS: APSG) for
possible breaches of fiduciary duty and other violations of state
law in connection with their attempt to sell the Company to
Raytheon Company (NYSE: RTN). Under the terms of the transaction,
Raytheon will acquire Applied Signal in a cash tender offer of
$38.00 per share, with a total transaction value of approximately
$490 million.
The investigation concerns whether the Applied Signal Board of
Directors breached their fiduciary duties to Applied Signal
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Raytheon is underpaying
for Applied Signal shares.
If you own common stock in Applied Signal and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/applied-signal-technology.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
Applied Signal Technology, Inc. (MM) (NASDAQ:APSG)
Historical Stock Chart
From Sep 2024 to Oct 2024
Applied Signal Technology, Inc. (MM) (NASDAQ:APSG)
Historical Stock Chart
From Oct 2023 to Oct 2024