Kendall Law Group Investigates CPI International Inc. Acquisition for Shareholders
November 26 2010 - 9:54AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating CPI International Inc. (NASDAQ: CPII) for
shareholders in connection with the proposed acquisition by Veritas
Capital. The national securities firm’s investigation seeks to
determine whether CPI and its Board breached their fiduciary duties
by entering into the agreement without properly shopping for a deal
that would provide better value for shareholders. If you are a CPI
shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at skendall@kendalllawgroup.com.
On November 26, 2010, CPI announced the definitive merger
agreement under which the company would be acquired by Veritas
Capital, in a transaction valued at approximately $525 million.
Under the terms of the agreement, CPI stockholders will receive
$19.50 in cash for each share of CPI/CPII common stock held. The
firm’s investigation seeks to determine if the transaction is
providing proper value for the company.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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