The Law Firm Of Levi & Korsinsky, LLP Launches An Investigation Into The Possible Breaches Of Fiduciary Duty By The Board Of Optelecom-NKF, Inc. In Connection With The Sale Of The Company To TKH Group N.V. – OPTC
Levi & Korsinsky is investigating the Board of Directors of Optelecom-NKF, Inc. (“Optelecom-NKF” or the “Company”) (NasdaqCM: OPTC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to TKH Group N.V. (“TKH”) (AMS: TWEKA). Under the terms of the transaction, Optelecom-NKF shareholders will receive $2.45 in cash per share. The transaction, which is expected to close in the first quarter of 2011, is subject to the approval of Optelecom-NKF's stockholders and other customary closing conditions.
Click here to learn how to join the action: http://www.zlk.com/optelecom-nkf-optc.html, or call: 877-363-5972.
The investigation concerns whether the Optelecom-NKF Board of Directors breached their fiduciary duties to Optelecom-NKF stockholders by failing to adequately shop the Company before entering into this transaction and whether TKH is underpaying for Optelecom-NKF shares, thus unlawfully harming Optelecom-NKF stockholders. In particular, Optelecom-NKF stock has traded as high as $2.80 on March 5, 2010 and, for the most recent quarter, the Company reported a book value of $4.18 per share.
If you own common stock in Optelecom-NKF and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/optelecom-nkf-optc.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.
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