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Bull & Lifshitz, LLP Announces Investigation of the Acquisition of LaserCard Corporation

^{Published on 2010-12-27 10:10:34 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of LaserCard Corporation (NASDAQ: [ LCRD ]) (referred to as "LaserCard" or the aCompanya) by ASSA ABLOY AB (aASSA ABLOYa) in an all cash tender offer valued at approximately $80 million.

Under the terms of the agreement, a subsidiary of ASSA ABLOY will commence a cash tender offer to acquire LaserCarda™s outstanding shares of common stock at $6.25 per share, net to each holder in cash.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Companya™s shareholders. If you are a holder of LaserCard stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of LaserCard and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [ counsel@nyclasslaw.com ]. All e-mail correspondence should make reference to LaserCard.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at [ www.nyclasslaw.com ].

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41^st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.