N@N

Kendall Law Group Investigates Argon ST, Inc. Acquisition for Shareholders

^{Published on 2010-06-30 11:00:31 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by a former federal judge, is investigating Argon ST, Inc. (NASDAQ: STST) for shareholders in connection with the proposed acquisition of the company by the Boeing Company. The national securities firm seeks to determine whether Argon and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Argon shareholder and would like additional information about your rights, you are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

"intends to recommend that the company's stockholders tender their shares in the offer."

The companies announced that they had entered into an agreement for Argon to be acquired by Boeing in an all cash offer valued at approximately $775 million. Argon shareholders will receive $34.50 for each share of common stock held. Dr. Terry Collins, Argon Chairman and CEO, and his amanagement teama will continue to lead the company, which will become a astand-alonea subsidiary. The agreement was unanimously approved by Argon's board of directors the board reportedly aintends to recommend that the company's stockholders tender their shares in the offer.a

Kendall Law Group, founded by former federal judge Joe Kendall, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.