NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Elecsys Corporation (“Elecsys” or “the Company”) (NasdaqCM:ESYS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Lindsay Corporation (NYSE: LNN).
Click here to learn more about the investigation: http://zlk.9nl.com/elecsys-esys.
Under the terms of the transaction, Elecsys shareholders will receive $17.50 for each share of Elecsys stock they own. Elecsys has suspended its previously-announced stock repurchase program. The investigation concerns whether the Board of Elecsys breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Linday Corporation is underpaying for Elecsys shares.
If you own Elecsys common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/elecsys-esys.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.