LeCROY Corporation : Law Office of Brodsky & Smith, LLC Announces Investigation of LeCroy Corporation
06/02/2012| 12:05pm US/Eastern
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Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of LeCroy Corporation
("LeCroy" or the "Company") (Nasdaq: LCRY) relating to the proposed
acquisition by Teledyne Technologies, Inc. ("Teledyne").
Under the terms of the transaction, LeCroy shareholders would receive
only $14.30 in cash for each share of LeCroy stock they own. The
investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of LeCroy for not
acting in the Company's shareholders' best interests in connection with
the sale process Teledyne. LeCroy stock traded at $15.78 a share as
recently as February 2, 2011 and an analyst has placed a price target
for LeCroy stock at $16.00 per share.
If you own shares of LeCroy stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your questions. You
may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at investorrelations@brodsky-smith.com
visiting http://brodsky-smith.com/431-lcry-lecroy-corporation.html,
or by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J.
Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/431-lcry-lecroy-corporation.html
© Business Wire 2012
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