Science & Technology
Science and Technology
Science and Technology 
Wed, June 15, 2011
Tue, June 14, 2011
Murray, Frank & Sailer LLP Investigates EMS Technologies, Inc.
NEW YORK--([ BUSINESS WIRE ])--MURRAY, FRANK & SAILER LLP is investigating claims of breach of fiduciary duties by certain members of the board of directors of EMS Technologies, Inc., (NASDAQ: ELMG) (aEMSa or the aCompanya) in relation to the acquisition of the Company by Honeywell International Inc., (NYSE: HON) (aHoneywella).
On June 13, 2011, EMS and Honeywell announced that Honeywell will acquire EMS pursuant to an all-cash transaction under which EMS stockholders will receive $33.00 in exchange for each share of EMS common stock, an aggregate value of approximately $491 million.
On May 12, 2011, EMS, a leading provider of aero connectivity and mobile resource management solutions, announced record first-quarter performance. For the first quarter of 2011, EMSa™s net earnings totaled $2.4 million, or $0.16 per share compared with net earnings of $0.6 million, or $0.4 per share of the first quarter of 2010. In addition, adjusted EBITDA for the first quarter of 2011 was $9.5 million, a 27% increase from last yeara™s first quarter.
The investigation seeks to determine whether certain members of the board of directors breached their fiduciary duties in connection with their efforts to sell EMS to Honeywell at an inadequate price through an unfair process which significantly undervalues the Company.
If you are a current investor in EMS, who purchased EMS shares before June 13, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Katherine E. Smith at (800) 497-8076 or (212) 682-1818, or by email at [ investigations@muarrayfrank.com ].