BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Ceradyne Inc. (“Ceradyne” or the “Company”) (NASDAQ: CRDN) related to the proposed acquisition of the Company by 3M Co. The transaction is valued at approximately $860 million or $35 per share.

This investigation concerns whether the Board of Directors of Ceradyne breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Further, at least one analyst has set a target price for the Company’s stock at $37.00.