Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Valpey-Fisher Corporation (“Valpey-Fisher” or the “Company”) (Nasdaq: VPF) relating to the proposed acquisition by CTS Corporation.
Under the terms of the transaction, Valpey-Fisher shareholders would receive $4.15 in cash for each share of Valpey-Fisher stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Valpey-Fisher for not acting in the Company’s shareholders' best interests in connection with the sale process to CTS Corporation. The transaction may undervalue Valpey-Fisher as Valpey-Fisher stock traded at $4.37 as recently as March 1, 2011. In addition, members of Valpey-Fisher have agreed to tender their shares, representing 33% of the Company’s outstanding common stock.
If you own shares of Valpey-Fisher 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
, or by calling toll free 877-LEGAL-90.