Wolf Haldenstein Investigating CPI International, Inc. Board
November 29 2010 - 1:15PM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of CPI International, Inc.
(“CPI” or the “Company”) [NASDAQ:CPII] arising out of the proposed
acquisition of CPI by an affiliate of Veritas Capital Fund IV
(“Veritas”).
On Friday, November 26, 2010, CPI announced that Veritas will
acquire CPI pursuant to an all cash offer. Under the terms of the
agreement, CPI stockholders will receive cash of $19.50 in exchange
for each share of CPI common stock. However, the Company may not
have adequately shopped itself before entering into this
transaction and, pursuant to this proposed transaction, Veritas may
be underpaying for CPI, thus unlawfully harming CPI
shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own CPI common stock and you wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Gustavo Bruckner or Derek Behnke Wolf Haldenstein Adler Freeman
& Herz LLP 270 Madison Avenue
New York, New York 10016
Phone Numbers: (800) 575-0735 (212) 545-4600 Email:
bruckner@whafh.com
Classmember@whafh.com
Website:
http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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