Science & Technology
Science and Technology
Science and Technology
Wed, December 1, 2010
Tue, November 30, 2010 Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of CPI International, Inc. - CPII
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CPI International, Inc. (aCPIa or the aCompanya) (NASDAQ: CPII) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Veritas Capital for about $327.8M. The proposed transaction offers CPI shareholders to only receive $19.50 per share in cash. The proposed deal is valued at approximately $525 million, including debt assumption. Certain significant stockholders of CPI have entered into a voting agreement with an affiliate of Veritas Capital with respect to approximately 49 percent of the outstanding shares of CPI common stock.
Request more information now by clicking here: [ www.faruqilaw.com/CPII ]
Whether the CPIa™s Board of Directors breached their fiduciary duties to CPIa™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 CPIa™s shares and by how much this proposed transaction undervalues the Company to the detriment of CPI 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 CPI and wish to obtain additional information, please visit us at [ www.faruqilaw.com/CPII ] 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.
