Harwood Feffer LLP Announces Investigation of EDAC Technologies Corp.

Mar 19, 2013, 16:55 ET from Harwood Feffer LLP

NEW YORK, March 19, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of EDAC Technologies Corp. ("EDAC" or the "Company") (NASDAQ: EDAC) concerning the proposed acquisition of the Company by GB Aero Engine LLC ("GB Aero") in a transaction valued at approximately $104 million.    

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On March 18, 2013, EDAC announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by GB Aero.  Under the terms of the agreement, EDAC stockholders will receive $17.75 in cash for each share of EDAC stock held. 

Our investigation concerns whether the EDAC board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. 

If you own EDAC shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com Website: http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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