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Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Merrimac Industries Inc. - MRM

^{Published on 2009-12-24 09:00:08 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Merrimac Industries Inc. ("Merrimac" or the "Company") (AMEX: MRM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Crane Co. (NYSE: CR) ("Crane"). Under the terms of the transaction, Merrimac shareholders will receive $16.00 in cash for each Meridian share of common stock they own for a total transaction value of approximately $52 million.

The investigation concerns whether the Merrimac Board of Directors breached their fiduciary duties to Merrimac stockholders by failing to adequately shop the Company before entering into this transaction and whether Crane is underpaying for Merrimac shares, thus unlawfully harming Merrimac stockholders.

If you own common stock in Merrimac and wish to obtain additional information, please contact us at the number listed below or visit [ http://www.zlk.com/mrm1.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.