20.01.2010 04:22:00
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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of The Allied Defense Group, Inc.
Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of The Allied Defense Group, Inc. ("ADG” or the "Company”) (AMEX:ADG) related to the Company’s agreement to be acquired by Chemring Group PLC, in an all-cash transaction valued at approximately $59 million.
Under the terms of a definitive merger agreement entered into by the parties, ADG shareholders will receive $7.25 in cash for each share of ADG common stock they own. The transaction is expected to close within 90 days. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by the ADG board of directors.
If you own shares of The Allied Defense Group, Inc., 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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