WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Bolt Technology Corporation (NASDAQ GS: BOLT)?
- Did you purchase any of your shares prior to September 3, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Bolt Technology Corporation (“Bolt” or the “Company”) (NASDAQ GS: BOLT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Teledyne Technologies Incorporated (“Teledyne”) (NYSE: TDY), in a transaction valued at approximately $171 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/bolt-technology-corporation-bolt.
Under the terms of the agreement, public shareholders of Bolt would receive $22.00 in cash for each share of Bolt they own.
The investigation concerns whether Bolt’s board of directors failed to adequately shop the Company and obtain the best possible value for Bolt’s shareholders before entering into an agreement with Teledyne.
If you own the common stock of Bolt and purchased your shares before September 3, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/bolt-technology-corporation-bolt.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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