Rosen Law Firm Announces Investigation of EDAC Technologies Corporation in Connection with its Sale
Rosen Law Firm Announces Investigation of EDAC Technologies Corporation in Connection with its Sale to Greenbriar Equity Group LLC - EDAC
NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm, P.A. is investigating the Board of Directors of EDAC Technologies Corporation (NASDAQ CM: EDAC) for possible breaches of fiduciary duty and other violations of state law in connection with its sale of the Company to GB Aero Engine LLC, an affiliate of private equity firm Greenbriar Equity Group LLC.
If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.
Under the terms of the transaction, shareholders will receive $17.75 for each share of EDAC stock they own. Members of the Board and executive officers of EDAC, who collectively own approximately 18.2% of the Company, have agreed to tender their shares into this transaction. The investigation relates to whether the price of $17.75 per share is fair to public shareholders and whether EDAC's Board breached its fiduciary duties in connection with the transaction.
If you own EDAC common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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The Rosen Law Firm P.A.
Phillip Kim, Esq.
Laurence Rosen, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
pkim@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com
KEYWORDS: United States North America New York
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The article Rosen Law Firm Announces Investigation of EDAC Technologies Corporation in Connection with its Sale to Greenbriar Equity Group LLC - EDAC originally appeared on Fool.com.
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