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Kendall Law Group Investigates Herley Industries, Inc. for Shareholders

  //science-technology.news-articles.net/content/2 .. ates-herley-industries-inc-for-shareholders.html
  Published in Science and Technology on Tuesday, February 8th 2011 at 18:41 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Herley Industries, Inc. (NASDAQ: HRLY) for shareholders in connection with the proposed acquisition by Kratos Defense & Security Solutions, Inc. The national securities firma™s investigation seeks to determine whether Herley Industries and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Herley Industries shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On February 8, 2011, the companies announced the definitive merger agreement under which Herley Industries would be acquired by Kratos, in a transaction valued at approximately $270 million. Under the terms of the agreement, Herley Industries stockholders will receive $19.00 in cash for each share of Herley Industries/HRLY common stock held. The firma™s investigation seeks to determine whether the transaction provides adequate value for Herley Industry shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.