Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of CPI International, Inc. - CPII

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CPI International, Inc. (“CPI” or the “Company”) (NASDAQ: CPII) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Veritas Capital for about $327.8M. The proposed transaction offers CPI shareholders to only receive $19.50 per share in cash. The proposed deal is valued at approximately $525 million, including debt assumption. Certain significant stockholders of CPI have entered into a voting agreement with an affiliate of Veritas Capital with respect to approximately 49 percent of the outstanding shares of CPI common stock.

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Whether the CPI’s Board of Directors breached their fiduciary duties to CPI’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues CPI’s shares and by how much this proposed transaction undervalues the Company to the detriment of CPI 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, through 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 CPI and wish to obtain additional information, please visit us at www.faruqilaw.com/CPII or contact Juan E. Monteverde, Esq. either via e-mail at [e-mail] or by telephone at [phone] or [phone].

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