|[December 19, 2013]
PERFORMANCE TECHNOLOGIES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
WILMINGTON, Del. --(Business Wire)--
Rigrodsky & Long, P.A.:
Do you own shares of Performance Technologies (News - Alert), Inc. (NASDAQ GM: PTIX)?
Did you purchase any of your shares prior to December 13, 2013?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Performance Technologies, Inc.
("PT" or the "Company") (NASDAQ GM: PTIX)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company's entry into an agreement to be acquired by
Sonus Networks (News - Alert), Inc. ("Sonus") (NASDAQ GS: SONS),
in a transaction valued at approximately $30 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/performance-technologies-inc-ptix.
Under the terms of the agreement, public shareholders of PT will receive
$3.75 per share in cash for each share of PT they own.
The investigation concerns whether PT's board of directors failed to
adequately shop the Company and obtain the best possible value for PT's
shareholders before entering into an agreement with Sonus. According to
Yahoo! Finance, at least one analyst has issued a price target for PT
stock at $4.50 per share.
If you own the common stock of PT and purchased your shares before
December 13, 2013, if you have information or would like to learn more
about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300,
Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail
to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/performance-technologies-inc-ptix.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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