The Law Firm of Weiss & Lurie Investigates the Acquisition of Applied Signal Technology, Inc. by Raytheon Company
December 22 2010 - 10:56AM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by members of the Board of Directors of Applied
Signal Technology, Inc. (NASDAQ: APSG) arising from the proposed
acquisition of Applied Signal by Raytheon Company (NYSE: RTN) for
$38.00 per share. The transaction is valued at approximately $490
million and is expected to close in the first quarter of 2011.
Weiss & Lurie is investigating whether Applied Signal’s
Board acted in the best interests of shareholders in approving the
transaction and whether it adequately shopped the Company to
maximize shareholder value.
If you own common stock in Applied Signal and would like more
information about your rights as a shareholder or additional
information concerning our investigation, please contact Michael A.
Rogovin either by email at infony@weisslurie.com or by telephone at
(888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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