Morgan & Morgan Announces the Investigation of the Sale of Measurement Specialties - MEAS
NEW YORK, June 19, 2014 /PRNewswire/ -- Morgan & Morgan announces it is investigating potential breach of fiduciary duty claims against the Board of Directors of Measurement Specialties, Inc. ("Measurement Specialties" 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.
If you own shares of Measurement Specialties and want more information about the Measurement Specialties Investigation please contact Morgan & Morgan at 1-800-732-5200 or email firstname.lastname@example.org.
Under the terms of the agreement, shareholders of Measurement Specialties will receive $86.00 in cash for each share of Measurement Specialties they own.
Our investigation concerns possible breaches of fiduciary duty and other violations of law by Measurement Specialties' Board of Directors for not acting in the best interest of the Company's shareholders in connection with the sale process.
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