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Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Applied Signal Technology, Inc. - APSG

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^{Published in Science and Technology on Monday, December 20th 2010 at 13:55 GMT by 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 Applied Signal Technology, Inc. (aApplied Signala or the aCompanya) (NASDAQ: APSG) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Raytheon Co. (NYSE: RTN) for an estimated $490 million. The proposed transaction offers Applied Signal shareholders to only receive $38.00 a share. The transaction is expected to close in 2011a™s first quarter.

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

Whether the Applied Signala™s Board of Directors breached their fiduciary duties to Applied Signala™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 Applied Signala™s shares and by how much this proposed transaction undervalues the Company to the detriment of Applied Signal 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 Applied Signal and wish to obtain additional information, please visit us at [ www.faruqilaw.com/APSG ] 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.

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