SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of API Technologies Corp. -ATNY

Mar 01, 2016, 21:45 ET from Brodsky & Smith, LLC

BALA CYNWYD, Pa., March 1, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of API Technologies Corp. ("API" or "the Company") (Nasdaq- ATNY-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of private equity firm J.F. Lehman & Company ("J.F. Lehman").

Click here to learn more about the investigation, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, API shareholders will receive only $2.00 in cash for each share of API stock they own. The investigation concerns whether the Board of  API breached their fiduciary duties to shareholders and whether J.F. Lehman is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many API shareholders. For example, API stock traded at $2.92 per share on March 24, 2014 and an analyst has set a $3.75 per share price target for API stock. 

If you own shares of API and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA  19004, by visiting, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.


SOURCE Brodsky & Smith, LLC