Science & Technology
Science and Technology
Science and Technology
Thu, February 10, 2011
Law Office of Brodsky & Smith, LLC Announces Investigation of Herley Industries, Inc.
BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Herley Industries, Inc. (aHerleya or the aCompanya) (Nasdaq: HRLY) relating to the proposed acquisition by Kratos Defense & Security Solutions, Inc. (aKratos Defensea) in a transaction valued at approximately $270 million.
Under the terms of the offer, Herley shareholders would receive $19.00 in cash for each share of Herley common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Herley by not acting in Herley shareholders' best interests in connection with the sale process to Kratos Defense. The transaction appears to be unfair, in part, given the nominal premium being offered to Herley shareholders.
If you own shares of Herley and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], visiting [ http://brodsky-smith.com/261-hrly-herley-industries-inc.html ], or by calling toll free 877-LEGAL-90.
