SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Elecsys Corp. in Connection with the Sale of the Company
November 07 2014 - 5:51PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Elecsys Corporation (“Elecsys” or the “Company”) (Nasdaq: ESYS)
relating to the proposed acquisition by Lindsay Corporation
(“Lindsay”).
Click here to learn more about the investigation
http://brodsky-smith.com/850-esys-elecsys-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of transaction, Elecsys shareholders will
receive only $17.50 in cash for each share of Elecsys stock they
own. The transaction values Elecsys at only approximately $70.5
million. The investigation concerns possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
Elecsys for not acting in the Company’s shareholders' best
interests in connection with the sale process. The transaction may
undervalue the company given the Company’s innovative machine to
machine communication technology solutions and an analyst has set a
$19.00 per share price target on Elecsys stock.
If you own shares of Elecsys common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/850-esys-elecsys-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/850-esys-elecsys-corporation.html
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