SHAREHOLDER ALERT - Micronetics, Inc.: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of The Company In Connection With The Sale To Mercury Computer Systems, Inc.
NEW YORK, June 13, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Micronetics, Inc. ("Micronetics" or the "Company") (Nasdaq: NOIZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Mercury Computer Systems, Inc. (Nasdaq: MRCY).
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Under the terms of the transaction, Micronetics shareholders will receive $14.80 for each share of Micronetics stock they own. The transaction has an approximate total value of $75.4 million. The investigation concerns whether the Micronetics Board of Directors breached their fiduciary duties to Micronetics stockholders by failing to adequately shop the Company before entering into this transaction and whether Mercury Computer Systems, Inc. is underpaying for Micronetics shares, thus unlawfully harming Micronetics stockholders.If you own common stock in Micronetics and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/micronetics-noiz. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com
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