The Law Firm of Weiss & Lurie Investigates the Sale of Ladish Co., Inc. to Allegheny Technologies Inc.
22 Novembro 2010 - 5:41PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by members of the Board of Directors of Ladish
Co., Inc. (NASDAQ: LDSH) arising from the proposed sale of Ladish
to Allegheny Technologies Inc. (NYSE: ATI).
Under the terms of the transaction, Ladish shareholders will
receive $24.00 in cash plus 0.4556 shares of Allegheny stock for
each share of Ladish stock they hold. The aggregate value of the
transaction is approximately $778 million, or $48.00 per share for
Ladish common stock based on the volume weighted average price of
Allegheny common stock over the last 10 trading days ending
November 16, 2010. The transaction is expected to close in
early 2011.
Weiss & Lurie is investigating whether Ladish’s Board acted
in the best interests of shareholders in approving the proposed
transaction and whether Ladish’s Board properly sought to maximize
shareholder value.
If you own common stock in Ladish and would like more
information about your rights as a shareholder or additional
information concerning our investigation, please contact Julia J.
Sun, Esq. either by email at infony@weisslurie.com or by telephone
at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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