+ Bookmark This Page    
Preferences  |  4:04 AM
  1. Home
  2. Latest Press Releases
  3. Submit Press Releases
  1. PR Home
  2. News Archive
  3. By Category
  4. By Location
  5. By Date
  6. By Tag
  7. Newsletter
  8. 40,000 RSS Feeds
  9. Submit Free Press Release
   
Filter News
Show All Results

Show Filtered Results

Category
(To see all categories,
remove other filters)


Country
- Morocco (x)

State / Province

City / Town
Select State First

Axsys Technologies, Inc. Takeover Unfair? Shareholder Investigations announced

Investigation on behalf of shareholders in Axsys Technologies, Inc. (Public, NASDAQ:AXYS) over alleged unfair takeover price announced – Contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com
 

FOR IMMEDIATE RELEASE

PRLog (Press Release)Jun 11, 2009 – SAN DIEGO, CA (Shareholders Foundation) - Axsys Technologies announced that General Dynamics Advanced Information Systems has entered into a agreement to acquire Axsys Technologies, Inc., (NASDAQ: AXYS) for $54 per share. According to an investigation on behalf of current Axsys Technologies, Inc. investors (Public, NASDAQ:AXYS) the takeover appears to be unfair.
   
Those who currently are investors in Axsys Technologies, Inc. (NASDAQ:AXYS) and purchased the shares before June 03, 2009 have certain options and should contact the Shareholders Foundation, Inc. at:

Email: mail@shareholdersfoundation.com

Or call us at: +1 (858) 779 - 1554

The investigation by a law firm focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of Axsys Technologies, Inc.(Nasdaq:AXYS) arising out of their attempt to sell Axsys to General Dynamics Corp. Axsys Technologies announced that General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE: GD), has entered into a definitive agreement to acquire Axsys Technologies, Inc., (NASDAQ: AXYS) for $54 per share of Axsys Technologies' outstanding common stock.  The cost of the transaction would be $643 million. The proposed acquisition has been approved by the boards of directors of Axsys Technologies and General Dynamics. According to the investigation the price is unfair given that Axsys shares NASDAQ:AXYS traded over $72 per share as recently as December 2008 and analysts currently placed a median price target of $64 per share with a high price target of $80 per share. Axsys Technologies, Inc, located in Rocky Hill, CT,  is a designer and manufacturer of precision optical solutions for defense, aerospace, homeland security and commercial applications. The Company operates in two business segments: the Surveillance Systems Group and the Imaging Systems Group. The Surveillance Systems Group designs, manufactures and sells highly precise camera systems for deployment on ground, marine and aerial vehicles. Axsys Technologies, Inc. (NASDAQ:AXYS) reported $171.62million in total revenue with a net income of $16.78million in 2007 and $245.48million in total revenue with a net income of $25.87million in 2008. Shares of Axsys Technologies, Inc. (NASDAQ:AXYS) were down form a 52weekHigh of $79.69 per share.

Those who currently are investors in Axsys Technologies, Inc. (NASDAQ:AXYS) and purchased the shares before June 03, 2009 have certain options and should contact the Shareholders Foundation, Inc. at:

Email: mail@shareholdersfoundation.com

Or call us at: +1 (858) 779 - 1554

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
_____________________________________________________________________________________

# # #

Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.


To embed this press release, copy and paste the following HTML code into your webpage-
# # # Click to see PDF Version of this Press Release

Email to a Friend       Previous News   Next News


Issued By:Shareholders Foundation, Inc.
Email Contact:Click to email (Partial email =  @shareholdersfoundation.com) Email Verified
Phone:+1-(858)-779-1554
Fax:+1-(858)-605-5739
Address:3111 Camino Del Rio North - Suite 423 -
City/Town:San Diego
State/Province:California
Zip:92108
Country:United States
Categories:Banking, Business, Finance
Tags:axys, axsys, axsys technologies, nasdaq axys, Business, Finance
Last Updated:Jun 11, 2009
Shortcut:http://prlog.org/10255939

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog.Org can't be held liable for the contents of the press releases.   Report Abuse


Upcoming Press Releases...


Related?

Axsys Technologies, Inc. Investor Lawsuit Over alleged unfair takeover

Axsys Technologies, Inc. Investor Investigation

cashFLOW ACADEMICS (CFA) will offer unique classes, training, certifications, and crash courses!

cashFLOW MultiMedia launches a new Business and Finance Magazine.

cashFLOW MultiMedia (CFM) is a functional, viable, and exciting brand!


Most Viewed Weekly

Responding to H1N1 Flu-like Symptoms and H1N1 Flu Prevention - 6744 views

Movie about Sirius XM Radio Gets Worldwide Distribution Deal - 2327 views

Sprint Nextel Corporation faces long term shareholder investigation - 1720 views

Apollo Group, Inc. faces shareholder investigation - 1187 views

Service Records Of Two Million First World War British Soldiers Now Online - 1140 views


Daily News!

Manufacturing Journalist TR Cutler Devises Coaching Systems for Manufacturers

Sustainable Construction Services and ZeroEnergy Design Win Gold CotY Award

Emirates Computers to equip BMW’s New Showroom with Cutting Edge Technologies

CAYIN helps balance the scorecard for Balfour Beatty Plant & Fleet Services

Detroit Band Helps Raise Funds For Charity

Previous   Next

Jun 11, 2009 News

Jun 2009 News

Are you a Journalist?

For Businesses ...

Tutorial on Free Marketing


November 2009
Su Sa Fr Th We Tu Mo
8 7 6 5 4 3 2
1
October 2009
31 30 29 28 27 26
25 24 23 22 21 20 19
18 17 16 15 14 13 12



  1. SiteMap
  2. Contact PRLog
  3. Privacy Policy
  4. Terms of Use
  5. Copyright Notice