HBE Henry Bros Electronics (MM)

Levi & Korsinsky is investigating the Board of Directors of Henry Bros Electronics, Inc. (“Henry Bros” or the “Company”) (NasdaqCM:HBE) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Kratos Defense & Security Solutions, Inc. (“Kratos”) (NasdaqGS:KTOS). Under the terms of the transaction, Henry Bros shareholders will receive to receive $7.00 in cash for each share of Henry Bros common stock, for a total transaction value of approximately $45 million. The transaction is subject to the satisfaction of customary closing conditions, including approval by the holders of a majority of the outstanding shares of Henry Bros. However, Mr. Henry, Mr. Rockwell and other directors of HBE, who collectively hold approximately 60% of HBE's shares outstanding, have agreed to vote their controlling shareholder shares in favor of the proposed transaction.

Click here to learn how to join the action: http://www.zlk.com/henrybros-hbe.html, or call: 877-363-5972.

The investigation concerns whether the Henry Bros Board of Directors breached their fiduciary duties to Henry Bros stockholders by failing to adequately shop the Company before entering into this transaction and whether Kratos is underpaying for Henry Bros shares, thus unlawfully harming Henry Bros stockholders. The investigation further concerns whether Mr. Henry, as the controlling shareholder of the company, as well as the board of directors of HBE may have breached their fiduciary duties by not acting in HBE shareholders' best interests in connection with the sale process of HBE.

If you own common stock in Henry Bros and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/henrybros-hbe.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.

Henry Bros Electronics (MM) (NASDAQ:HBE)
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Henry Bros Electronics (MM) (NASDAQ:HBE)
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