BALA CYNWYD, Pa., June 16, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Micronetics, Inc. ("Micronetics" or the "Company") (Nasdaq- NOIZ) relating to the proposed acquisition by Mercury Computer Systems. ("Mercury"). Under the terms of the transaction, Micronetics shareholders will receive only $14.80 in cash for each of Micronetics stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Micronetics for not acting in the Company's shareholders' best interests in connection with the sale process to Mercury. The Board of Directors may have failed to adequately shop the Company resulting in harm to the Micronetics shareholders. If you own shares of Micronetics 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 firstname.lastname@example.org, visiting http://brodsky-smith.com/439-noiz-micronetics-inc.html, or by calling toll free 877-LEGAL-90. SOURCE Brodsky & Smith, LLC
Shares of Micronetics (Nasdaq:NOIZ) have taken a tremendous swing upward. The stock is trading at $7.33 as of 9:35 a.m. ET, 25.3% above Thursday's closing price of $5.85. Volume is at 40,334, 4.1 times the daily average of 9,800.