DALLAS, Nov. 17, 2011 /PRNewswire/ -- Former United
States Securities and Exchange Commission attorney Willie Briscoe
and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Valpey-Fisher Corporation ("Valpey" or
"VPF") (NASDAQCM: VPF) to CTS Corporation for shareholders.
Under the proposed acquisition agreement, Valpey shareholders
will only receive $4.15 in cash for
each share of Valpey/VPF stock owned, which is significantly lower
than the closing price of VPF stock as recently as March 1, 2011.
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If you are an affected investor, and you want to learn more
about the lawsuit or join the action, 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, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to
you.
The investigation centers on whether Valpey's shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues Valpey's stock, and whether
Valpey's board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. In particular, as
recently as March 1, 2011, Valpey
shares closed at $4.37 per share, or
approximately 5% higher than the acquisition price currently being
offered to Valpey shareholders. In addition, Valpey's Board
of Directors, which hold approximately 33% of Valpey's outstanding
common stock, have agreed to tender their shares in favor of the
buyout. Based on these and other factors, the firms do not believe
that the transaction provides adequate compensation for Valpey
shareholders.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
SOURCE Powers Taylor, LLP