STEVENSON, Md. -- (Business Wire)
The law firm of Brower Piven, A Professional Corporation, has commenced
an investigation into possible breaches of fiduciary duty to current
shareholders of Micronetics, Inc. (NASDAQ: NOIZ) (“Micronetics”) and
other violations of state law by the board of directors of Micronetics
relating to the proposed acquisition of the company by Mercury Computer
Systems, Inc. (“Mercury”). The firm’s investigation seeks to determine,
among other things, whether the board breached its fiduciary duties by
failing to maximize shareholder value.
On June 10, 2012, Micronetics announced that it had entered into a
definitive merger agreement providing for Mercury to acquire Micronetics
for $75.4 million. Under the terms of the merger agreement, Micronetics
shareholders will receive $14.80 for each share of Micronetics common
stock held.
Shareholders of Micronetics holding shares representing approximately
20.0% of the shares outstanding have already agreed to vote in favor of
the transaction.
If you currently own shares of Micronetics and would like to learn more
about the investigation being conducted by Brower Piven, you may email
or call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by email
at hoffman@browerpiven.com,
by calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys
at Brower Piven have combined experience litigating securities and other
class action cases of over 60 years.
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation