Levi & Korsinsky is investigating the Board of Directors of Ceradyne, Inc. (“Ceradyne” or the “Company”) (Nasdaq: CRDN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company 3M Company (“3M”).
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Under the terms of the transaction, Ceradyne shareholders will receive $35.00 in cash for each share of Ceradyne stock they own. The investigation concerns whether the Ceradyne Board of Directors breached their fiduciary duties to Ceradyne stockholders by failing to adequately shop the Company before entering into this transaction and whether 3M is underpaying for Ceradyne shares, thus unlawfully harming Ceradyne stockholders. In particular, at least one analyst has set a price target for Ceradyne stock at $37.00 per share.
If you own common stock in Ceradyne and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
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.