|
| [March 18, 2013] |
 |
Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of EDAC Technologies Corporation (EDAC)
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of EDAC
Technologies Corporation ("EDAC" or the "Company") (NASDAQ: EDAC) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to GB Aero Engine LLC, an affiliate
of Greenbriar Equity Group LLC, in a cash deal valued at approximately
$104.1 million. Under the terms of the proposed transaction, EDAC's
stockholders will receive $17.75 for each share of EDAC common stock
they own. The proposed transaction is structured as a tender offer and
may be effectuated without a shareholder vote.
Request more information now by clicking here: www.faruqilaw.com/EDAC.
Tere is no cost or obligation to you.
The investigation focuses on whether EDAC'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 and by how much this proposed transaction
undervalues the Company to the detriment of EDAC's shareholders.
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 EDAC and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/EDAC
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 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.

[ Back To Technology News's Homepage ]
|