INVESTOR ALERT: O’Bell Law Firm, L.L.C. is Investigating the Buyout of Anaren, Inc. by Veritas Capital Fund IV, L.P.
November 22 2013 - 6:30PM
Business Wire
O’Bell Law Firm, L.L.C. (“O’Bell”), a New Orleans based class
action and securities litigation law firm, announces that it is
commencing an investigation into the Board of Directors of Anaren,
Inc. (“Anaren” or the “Company”) (NASDAQ:ANEN) to determine whether
it has breached its fiduciary duties and other possible violations
of law in connection with the Company’s entry into an agreement to
be acquired by an affiliate of The Veritas Capital Fund IV, L.P.
(“Veritas Capital”) in a transaction valued at approximately $381
million. Under the terms of the agreement, shareholders of Anaren
will receive $28.00 per share in cash for each share of Anaren they
own.
The investigation is focused on the potential unfairness of the
consideration to Anaren shareholders and whether Anaren’s Board of
Directors acted in the shareholders’ best interest and properly
shopped the company before entering into the acquisition agreement
with Veritas Capital.
If you have information relevant to this investigation that you
would like to share with us in furtherance of the shareholders’
interests in this matter, then please contact Eric J. O’Bell
directly without obligation or cost to you at 1-800-938-1596; or by
email to EJO@OBellLawFirm.com.
O’Bell Law Firm, L.L.C.Eric J. O’Bell, 504-456-8677Toll Free:
1-800-938-1596Fax: 504-456-8653EJO@OBellLawFirm.com
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