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Law Office of Brodsky & Smith, LLC Announces Investigation of LTX-Credence Corporation

^{Published on 2010-11-19 13:40:53 - Market Wire}
 

BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of LTX-Credence Corporation (aLTXa or the aCompanya) (Nasdaq: LTXC) relating to the proposed acquisition by Verigy Ltd.

Under the terms of the agreement, LTX shareholders would receive a fixed exchange ratio of 0.96 shares of Verigy stock or Holdco, a newly created subsidiary, for each share of LTX stock they own. The proposed transaction values LTX stock at approximately $8.55 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that LTX stock was trading at $8.97 a share as recently as July 27, 2010 and was trading at $11.01 a share on May 3, 2010.

If you own shares of LTX and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], visiting [ http://brodsky-smith.com/245-ltxc-ltx-credence-corporation.html ], or by calling toll free 877-LEGAL-90.