BOLT TECHNOLOGY CORPORATION SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of Class Action Against Bolt Technology Corporation in Connection With the Sale of the Company to Teledyne Technologies Incorporated - BOLT
NEW YORK, Sept. 11, 2014 /PRNewswire/ -- The Law Offices of Vincent Wong notifies investors of claims of breaches of fiduciary duty against the Board of Directors of Bolt Technology Corporation (NasdaqGS: BOLT) ("Bolt Technology") in connection with the sale of the Company to a subsidiary of Teledyne Technologies Incorporated (NYSE: TDY).
Click here to learn about the case: http://docs.wongesq.com/BOLT-Info-Request-Form-390. There is no cost or obligation to you.
Under the terms of the transaction, Bolt Technology shareholders will receive $22 in cash for each share of Bolt Technology stock they own. Bolt Technology will pay its previously-announced quarterly dividend, payable on October 2, 2014, to stockholders of record on September 3, 2014. The claims concern whether the Board of Bolt Technology breached their fiduciary duty to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Teledyne Technologies Incorporated is underpaying for Bolt Technology shares. The Company's directors and executive officers have already agreed to tender their shares.
If you own common stock in Bolt Technology and wish to obtain additional information, please contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/BOLT-Info-Request-Form-390.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: [email protected]
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SOURCE The Law Offices of Vincent Wong
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