Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of LeCroy Corporation (“LeCroy” or the “Company”) (NASDAQ: LCRY) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Teledyne Technologies Incorporated (NYSE: TDY) in an all-cash deal valued at about $291 million, taking into account LeCroy’s stock options, stock appreciation rights and net debt as of March 31, 2012. Under the terms of the proposed transaction, LeCroy’s stockholders will receive $14.30 in cash for each share of LeCroy’s common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $16.00 for LeCroy. Request more information now by clicking here: www.faruqilaw.com/LCRY. There is no cost or obligation to you. Whether LeCroy’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues LeCroy’s shares and by how much this proposed transaction undervalues the Company to the detriment of LeCroy’s shareholders are the key focus of this investigation. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in LeCroy and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/LCRY or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
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..