Law Office of Brodsky & Smith, LLC Announces Investigation of Anaren, Inc.
BALA CYNWYD, Pa., April 16, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Anaren, Inc. ("Anaren" or the "Company") (Nasdaq- ANEN) relating to the reported acquisition proposal from Vintage Capital Management LLC. ("Vintage").
Under the terms of the proposal, Anaren shareholders would receive only $23.00 in cash for each share of Anaren stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Anaren for not acting in the Company's shareholders' best interests in connection with the sale process. Vintage and its affiliates are the largest shareholders of Anaren, with beneficial ownership of approximately 13% of the outstanding common stock. In addition, an analyst has set a price target for Anaren stock at $26.00 per share.
If you own shares of Anaren stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/567-anen-anaren-inc.html, by calling toll free 877-LEGAL-90.
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SOURCE Brodsky & Smith, LLC