Levetown & Jenkins, LLP Announces An Investigation Of The Acquisition Of Applied Signal Technology, Inc. By Raytheon Company
Levetown & Jenkins, LLP is conducting an investigation into alleged breaches of fiduciary duties and violations of state law by Applied Signal Technology, Inc. (“APSG”) (NASDAQ: APSG) and its Board of Directors in conjunction with the proposed buyout and acquisition of APSG by Raytheon Company (NYSE: RTN). Under the terms of a definitive merger agreement announced on December 20, 2010, APSG shareholders will receive $38.00 in cash for each share of APSG common stock they hold, with Raytheon offering an aggregate purchase price of approximately $490 million, net of cash acquired. The transaction is expected to close in early 2011.
The firm’s investigation concerns whether the proposed acquisition properly values APSG. Specifically, the investigation seeks to determine whether the APSG Board of Directors engaged in a fair process to obtain adequate consideration for all of the company's shareholders, whether the transaction undervalues the company to the detriment of its shareholders and, if so, the extent to which the company is undervalued in the proposed transaction.
Levetown & Jenkins, LLP is a national law firm comprised of former federal and state prosecutors with extensive experience in the investigation and prosecution of shareholder fraud. The firm specializes in the representation of investors in shareholder and securities fraud class actions. If you currently own shares of APSG and wish to obtain additional information about your rights as a shareholder, please contact Michael T. Harrison, Esq. at (713) 392-7465 or email@example.com. For more information about the firm, please visit www.levjen.com.
Attorney Advertising. (C) 2010 Levetown & Jenkins, LLP. The law firm
responsible for this advertisement is Levetown & Jenkins, LLP (
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV