VPF Shareholder Alert: The Briscoe Law Firm And Powers Taylor, LLP Investigate The Board Of Valpey-Fisher Corporation Concerning The Sale Of VPF To CTS Corporation
DALLAS, Nov. 17, 2011 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Valpey-Fisher Corporation ("Valpey" or "VPF") (NASDAQCM: VPF) to CTS Corporation for shareholders. Under the proposed acquisition agreement, Valpey shareholders will only receive $4.15 in cash for each share of Valpey/VPF stock owned, which is significantly lower than the closing price of VPF stock as recently as March 1, 2011.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation centers on whether Valpey's shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Valpey's stock, and whether Valpey's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. In particular, as recently as March 1, 2011, Valpey shares closed at $4.37 per share, or approximately 5% higher than the acquisition price currently being offered to Valpey shareholders. In addition, Valpey's Board of Directors, which hold approximately 33% of Valpey's outstanding common stock, have agreed to tender their shares in favor of the buyout. Based on these and other factors, the firms do not believe that the transaction provides adequate compensation for Valpey shareholders.The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions. SOURCE Powers Taylor, LLP
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $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
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV