Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of LeCroy Corporation (“LeCroy” or the “Company”) (NASDAQ GM: LCRY) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Teledyne Technologies Incorporated (“Teledyne”) (NYSE: TDY) in a transaction valued at approximately $291 million, which includes LeCroy’s stock options, stock appreciation rights and net debt as of March 31, 2012. Click here to learn more: http://www.rigrodskylong.com/investigations/lecroy-corporation-lcry. Under the terms of the proposal, public shareholders of LeCroy will receive $14.30 per share in cash for each share of LeCroy they own. According to Yahoo! Finance, at least one analyst has set a price target for LeCroy stock at $16.00 per share. If you own the common stock of LeCroy and purchased your shares before May 29, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/lecroy-corporation-lcry. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
Shares of LeCroy Corporation (Nasdaq:LCRY) have taken a tremendous swing upward. The stock is trading at $14.15 as of 9:30 a.m. ET, 54.8% above Friday's closing price of $9.14. Volume is at 4.3 million, 68.5 times the daily average of 63,100.
Shares of LeCroy Corporation (Nasdaq:LCRY) have taken a tremendous swing upward. The stock is trading at $10.57 as of 2:09 p.m. ET, 20.5% above Tuesday's closing price of $8.77. Volume is at 262,746, 2.5 times the daily average of 105,500.
LeCroy Corporation (Nasdaq:LCRY) hit a new 52-week high Monday as it changed hands at $15.64 compared with its previous 52-week high of $15.50. LeCroy is currently trading at $15.62 with 10,991 shares changing hands as of 9:30 a.m..