Science & Technology
Science and Technology
Science and Technology 
Wed, June 15, 2011
Tue, June 14, 2011
The Briscoe Law Firm Announces Investigation of EMS Technologies, Inc.
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of EMS Technologies, Inc. (aEMSa or aCompanya) (NASDAQ: ELMG) related to the acquisition of EMS Technologies by Honeywell.
The definitive acquisition agreement, which was announced on June 13, 2011, involves an all-cash transaction valued at approximately $491 million. Under the proposed buyout, EMS shareholders will receive $33.00 in cash for each share of EMS common stock they hold.
The firms are investigating the fairness of the proposed transaction to EMS shareholders, whether the shareholders are being underpaid for their stock, and whether EMSa™s Board of Directors acted in the shareholdersa™ best interests. On May 12, 2011, EMS reported first quarter 2011 EPS results that beat analyst expectations. Moreover, the company's adjusted EBITDA for the first quarter 2011 was $9.5 million, a record for EMS, and 27% higher than what the company reported for the first quarter 2010.
If you currently own shares of EMS Technologies/ELMG and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.