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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Argon ST, Inc.

^{Published on 2010-07-01 20:00:49 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Argon ST, Inc. (aArgon STa or the aCompanya) (NASDAQ:STST) related to the Companya™s agreement to be acquired by The Boeing Company (aBoeinga). The proposed cash transaction is valued at approximately $775 million.

Under the terms of the definitive agreement entered into by the parties, a subsidiary of Boeing will commence a tender offer to acquire Argon ST for $34.50 per share in cash. Upon completion of the transaction, Argon ST will become a subsidiary of Boeing and a new division of Boeing Network & Space Systems a" a business within the Boeing Defense, Space & Security operating unit. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Argon STa™s board of directors.

If you own shares of Argon ST, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].