INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of Areoflex Holding Corp. Buyout Proposal
SMITHTOWN, NY, May 21, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Aeroflex Holding Corp. (“Areoflex”) (NYSE: ARX) for possible breaches of fiduciary duties and other violations of law in connection with Areoflex’s agreement to be acquired by Cobham plc (“Cobham”), in a transaction valued at approximately $1.46 billion.
Under the terms of the agreement, public shareholders of Aeroflex would receive $10.50 in cash for each share of Aeroflex they own.
The investigation concerns whether DAreoflex’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Aeroflex’s stockholders would be fair and adequate, and whether Areroflex is acting in its stockholders’ best interests.