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TMCNet:  Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Bolt Technology Stockholders

[September 04, 2014]

Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Bolt Technology Stockholders

NEW YORK --(Business Wire)--

Kirby McInerney LLP is investigating potential claims against Bolt Technology ("Bolt" or the "Company") (NASDAQ:BOLT) concerning the proposed acquisition of the Company by Teledyne Technologies Incorporated ("Teledyne") (NYSE:TDY). Under the terms of the definitive agreement, Bolt stockholders will receive $22.00 in cash for each share of Bolt common stock they own, valuing the transaction at approximately $171 million.

The investigation concerns whether the Bolt Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company's common stock.

If you area Bolt stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.


Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.


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