NEW YORK, Dec. 3, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Anaren, Inc. ("Anaren" or the "Company") (Nasdaq:ANEN) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to an affiliate of The Veritas Capital Fund IV, L.P. ("Veritas"). A complaint was filed in New York state court.
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Under the terms of the transaction, Anaren shareholders will receive $28.00 for each share of Anaren stock they own. The transaction has a total approximate value of $381 million. The claims concern whether the Anaren Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Veritas is underpaying for Anaren shares.
If you own Anaren 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/anaren-anen/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has 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.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP