Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Ladish Co., Inc. in Connection with the P...
17 Novembro 2010 - 10:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Ladish Co., Inc. (“Ladish” or the “Company”) (NASDAQ:LDSH) related
to the Company’s agreement to be acquired by Allegheny Technologies
Incorporated (“Allegheny”). The proposed cash-and-stock transaction
is valued at approximately $778 million.
Under the terms of the definitive merger agreement entered into
by the parties, Ladish shareholders will receive $24.00 in cash and
0.4556 shares of Allegheny common stock for each share they own of
Ladish common stock. The proposed transaction implies a value of
$48.00 per Ladish share, based on the volume weighted average price
of Allegheny common stock over the 10 trading days ending November
16, 2010. The transaction is expected to close by early 2011. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by Ladish’s board of directors.
If you are a shareholder of Ladish, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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