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CPII Cpi International, Inc. (MM)

19.49
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cpi International, Inc. (MM) NASDAQ:CPII NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 19.49 0 01:00:00

Kendall Law Group Investigates CPI International Inc. Acquisition for Shareholders

26/11/2010 2:54pm

Business Wire


Cpi International, Inc. (MM) (NASDAQ:CPII)
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Kendall Law Group, led by former federal judge Joe Kendall, is investigating CPI International Inc. (NASDAQ: CPII) for shareholders in connection with the proposed acquisition by Veritas Capital. The national securities firm’s investigation seeks to determine whether CPI and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a CPI shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On November 26, 2010, CPI announced the definitive merger agreement under which the company would be acquired by Veritas Capital, in a transaction valued at approximately $525 million. Under the terms of the agreement, CPI stockholders will receive $19.50 in cash for each share of CPI/CPII common stock held. The firm’s investigation seeks to determine if the transaction is providing proper value for the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

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