Rigrodsky & Long, P.A. Investigates China Security & Surveillance Technology, Inc. Buyout Proposal - CSR

  • Do you own China Security & Surveillance Technology, Inc. common stock?
  • Did you purchase your shares prior to March 8, 2011?
  • Do you feel Mr. Tu's offer to take the Company private is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of China Security & Surveillance Technology, Inc. concerning the Company’s receipt of a proposal from its Chairman and CEO, Guoshen Tu, to acquire all of the outstanding shares of the Company’s common stock not currently owned by Mr. Tu, certain members of Company management and their affiliated entities.

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Rigrodsky & Long, P.A. Investigates China Security & Surveillance Technology, Inc. Buyout Proposal - CSR

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of China Security & Surveillance Technology, Inc. (“CSST” or the “Company”) (NYSE: CSR) concerning the Company’s receipt of a proposal from its Chairman and CEO, Guoshen Tu, to acquire all of the outstanding shares of the Company’s common stock not currently owned by Mr. Tu, certain members of Company management and their affiliated entities (the “Proposal”).

The investigation concerns whether CSST’s board of directors is adequately shopping the Company and working to obtain the best price possible for CSST’s shareholders.  The Proposal contemplates the acquisition of all of the outstanding shares of common stock of CSST for $6.50 per share in cash.  However, according to Yahoo! Finance, at least one analyst has set a target price of $8.60 per share for CSST stock.  According to the Proposal, the acquisition is intended to be financed with a combination of debt and equity capital to be secured by Mr. Tu.  Mr. Tu already beneficially owns approximately 20.9% of CSST’s common stock. 

If you own the common stock of CSST and purchased your shares before March 8, 2011, 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, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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