Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of CPI International, Inc.
26 Novembro 2010 - 3:59PM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of CPI International, Inc. ("CPI" or the
"Company") (Nasdaq: CPII) for possible breaches of fiduciary duty
and other violations of state law in connection with their attempt
to complete a sale of the Company to an affiliate of Veritas
Capital Fund IV (Veritas Capital). Under the terms of the proposed
transaction, CPI shareholders are to receive $19.50 in cash for
each share they own, for a total transaction value of approximately
$525 million.
The investigation involves whether the Board of Directors of CPI
breached their fiduciary duties to CPI stockholders by failing to
adequately shop the Company before agreeing to enter into the
transaction and whether CPI has disclosed all material information
to shareholders about the proposed transaction.
If you own stock in CPI and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Jonathan M. Stein, Esq. Law Office of Jonathan M. Stein, P.L. 120
E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
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