NEW YORK, Aug. 13, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Planar Systems, Inc. ("Planar" or the "Company") (NASDAQ: PLNR) concerning the proposed acquisition of the Company by Leyard Optoelectronic Co., Ltd. ("Leyard").
Under the terms of the offer, Leyard would acquire Planar in a transaction valued at approximately $156 million. Pursuant to the deal, Planar stockholders would receive $6.58 in cash per share. According to Yahoo Finance, at least one analyst has set a target price for Planar stock of $7.50 per share.
Our investigation concerns whether the Planar 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 stockholders.
If you own Planar 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 I 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: email@example.com Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
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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