N@N

Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of LTX-Credence Corporation - LTXC

^{Published on 2010-11-24 13:20:30 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of LTX-Credence Corporation (aLTX-Credencea or the aCompanya) (NASDAQ: LTXC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Verigy Ltd. (aVerigya) (NASDAQ: VRGY). The proposed transaction offers LTX-Credence shareholders to only receive a fixed exchange ratio of 0.96 shares of Verigy stock for each of their shares. If the transaction is completed, Verigy and LTX-Credence shareholders will own, respectively, approximately 56% and 44% of the combined company. The proposed transaction values LTX-Credence stock at approximately $8.55 per share. According to Yahoo! Finance, at least one analyst values the Companya™s common stock at $18.00 per share. The transaction is valued at approximately $420 million.

Request more information now by clicking here: [ www.faruqilaw.com/LTXC ].

Whether the LTX-Credencea™s Board of Directors breached their fiduciary duties to LTX-Credencea™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues LTX-Credencea™s shares and by how much this proposed transaction undervalues the Company to the detriment of LTX-Credence shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in LTX-Credence and wish to obtain additional information, please visit us at [ www.faruqilaw.com/LTXC ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising.(C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.