MEASUREMENT SPECIALTIES (MEAS) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Measurement Specialties, Inc.
WILMINGTON, Del., June 19, 2014 /PRNewswire/ -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Measurement Specialties, Inc. ("Measurement" or the "Company") (NASDAQ: MEAS) relating to the sale of the Company to TE Connectivity Ltd. ("TE"). On June 18, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which TE will acquire Measurement in a merger valued at roughly $1.7 billion. As a result of the merger, Measurement shareholders are only anticipated to receive $86.00 per share in cash in exchange for each share of Measurement they own.
Our Firm's investigation has so far uncovered that the process leading up to the announcement of the merger appears to have some questionable conflicts of interest, thus making the process and consideration unfair. Andrews & Springer is investigating whether Company directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Andrews & Springer is also investigating the fairness of the sales process conducted by Barclays.
If you own shares of Measurement and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/measurement or contact Craig J. Springer, Esq. at [email protected], or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.
SOURCE Andrews & Springer LLC
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