NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Applied Signal Technology, Inc. (NasdaqGS: APSG) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Raytheon Company (NYSE: RTN). Under the terms of the transaction, Raytheon will acquire Applied Signal in a cash tender offer of $38.00 per share, with a total transaction value of approximately $490 million.
The investigation concerns whether the Applied Signal Board of Directors breached their fiduciary duties to Applied Signal stockholders by failing to adequately shop the Company before entering into this transaction and whether Raytheon is underpaying for Applied Signal shares.
If you own common stock in Applied Signal and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.584.2740, or visit http://www.wongesq.com/applied-signal-technology.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.