Aerosonic Corporation Merger Litigation (NYSE: AIM)
Law Office of Brodsky & Smith, LLC Announces Investigation of Aerosonic Corporation
BALA CYNWYD, April 26, 2013/PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Aerosonic Corporation (“Aerosonic” or the “Company”) (NYSE- AIM-News) relating to the proposed acquisition TransDigm Group, Inc. (“TransDigm”).
Under the terms of the transaction, Aerosonic shareholders will receive only $7.75 in cash for each share of Aerosonic stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Aerosonic for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company. For example, the offer price represents only approximately 1.25 times Aerosonic’s annual revenue.
If you own shares of Aerosonic stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com by calling toll free 877-LEGAL-90.
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