AEROFLEX Investor Buyout Alert – Acquisition of AEROFLEX – National Securities Law Firm Seeks Higher Price for Shareholders
May 20, 2014
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Aeroflex Holding Corp. (NYSE: ARX) on behalf of its shareholders. Aeroflex announced that it has entered into a merger agreement with Cobham plc. Under the terms of the transaction, Cobham will acquire Aeroflex for $10.50 per share in cash.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Aeroflex for not acting in Aeroflex shareholders’ best interests in connection with the sale process of the company. The investigation seeks to determine if shareholders are getting the maximum value for their shares, and whether there were any conflicts of interest on the part of the company and its financial advisors that may have caused shareholders to not get a higher price for their shares.
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.