Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of CPI International Inc. by Veritas Capital
November 26 2010 - 8:50PM
Business Wire
Levetown & Jenkins, LLP is conducting an investigation into
alleged breaches of fiduciary duties and violations of state law by
CPI International Inc. (“CPI”) (NASDAQ: CPII) and its Board of
Directors in conjunction with the proposed buyout and acquisition
of CPI by private equity firm Veritas Capital. Under the terms of a
definitive merger agreement announced on November 26, 2010, CPI
shareholders will receive $19.50 in cash for each share of CPI
common stock they hold. The transaction is valued at approximately
$328 million.
The firm’s investigation concerns whether the proposed
acquisition properly values CPI. Specifically, the investigation
seeks to determine whether the CPI Board of Directors engaged in a
fair process to obtain adequate consideration for all of the
company's shareholders, whether the transaction undervalues the
company to the detriment of its shareholders and, if so, the extent
to which the company is undervalued in the proposed
transaction.
Levetown & Jenkins, LLP is a national law firm comprised of
former federal and state prosecutors with extensive experience in
the investigation and prosecution of shareholder fraud. The firm
specializes in the representation of investors in shareholder and
securities fraud class actions. If you currently own shares of CPI
and wish to obtain additional information about your rights as a
shareholder, please contact Michael T. Harrison, Esq. at (713)
392-7465 or mharrison@levjen.com. For more information about the
firm, please visit www.levjen.com.
Attorney Advertising. (C) 2010 Levetown & Jenkins, LLP. The
law firm responsible for this advertisement is Levetown &
Jenkins, LLP (www.levjen.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We are
happy to discuss your particular case.
Levetown & Jenkins, LLP I Metro Center 700 Twelfth Street, NW
Suite 700 Washington, DC 20005 (877) 494-8808
www.levjen.com
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