The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
November 29 2010 - 11:33AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
CPI International Inc. (“CPI” or the “Company”) (NasdaqGS:CPII) for
possible breaches of fiduciary duty and other violations of state
law in connection with their attempt to sell the Company to Veritas
Capital (“Veritas”). Under the terms of the transaction, CPI
shareholders will receive $19.50 per share in cash for each share
they own for a total transaction value of approximately $525
million.
Click here to learn how to join the action:
http://www.zlk.com/cpi-international-cpii.html, or call:
877-363-5972.
The investigation concerns whether the CPI Board of Directors
breached their fiduciary duties to CPI stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Veritas is underpaying for CPI shares.
If you own common stock in CPI and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://www.zlk.com/cpi-international-cpii.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. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Cpi International, Inc. (MM) (NASDAQ:CPII)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cpi International, Inc. (MM) (NASDAQ:CPII)
Historical Stock Chart
From Jul 2023 to Jul 2024