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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Spectr

^{Published on 2011-03-28 09:10:28 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Spectrum Control, Inc. (aSpectruma or the aCompanya) (Nasdaq: SPEC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to API Technologies Corporation (aAPIa) (OTCBB: ATNY.OB). Under the terms of the transaction, Spectrum shareholders will receive $20.00 per share for each Spectrum share they own. The transaction has a total value of approximately $262 million.

Click here to learn how to join the action: [ http://www.zlk.com/spectrum-control-spec.html ], or call: 877-363-5972.

The investigation concerns whether the Spectrum Board of Directors breached their fiduciary duties to Spectrum stockholders by failing to adequately shop the Company before entering into this transaction and whether API is underpaying for Spectrum shares, thus unlawfully harming Spectrum stockholders.

If you own common stock in Spectrum and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/spectrum-control-spec.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.