EQUITY ALERT: Rosen Law Firm Announces Investigation Of Bolt Technology Corp. Concerning Its Proposed Sale To Teledyne Technologies Inc.

The Rosen Law Firm, P.A. announces that it is investigating the Board of Directors of Bolt Technology Corp. (NASDAQ: BOLT) for possible breaches of fiduciary duty and other violations of state law in connection with their approval of the proposed sale to Teledyne Technologies Inc. (NYSE: TDY).

If you would like to join the action go to http://rosenlegal.com/cases-359.html or contact Phillip Kim or Kevin Chan, toll-free at 866-767-3653, or pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.

Under the terms of the proposed transaction, shareholders will receive $22.00 cash for each share of Bolt they own. The proposed transaction is valued at approximately $171 million. The investigation relates to whether the proposal for $22.00 in cash per share is fair to public shareholders and whether Bolt’s Board breached its fiduciary duties in connection with the proposed sale.

If you currently own shares of Bolt and wish to join the action, please visit the website at http://rosenlegal.com/cases-359.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Copyright Business Wire 2010

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