Rigrodsky & Long, P.A. Investigates CPI International, Inc. Buyout

  • Do you own CPI International, Inc. common stock?
  • Did you purchase your shares prior to November 26, 2010?
  • Do you feel the 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 CPI International, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by Veritas Capital Fund IV in a transaction valued at approximately $525 million.

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Rigrodsky & Long, P.A. Investigates CPI International, Inc. Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of CPI International, Inc. (“CPI” or the “Company”) (Nasdaq: CPII) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by Veritas Capital Fund IV (“Veritas”) in a transaction valued at approximately $525 million.

Under the proposed agreement, Veritas will acquire all of the outstanding common shares of CPI for $19.50 per share in cash. In addition, certain significant stockholders of CPI have entered into a voting agreement with an affiliate of Veritas with respect to approximately 49 percent of the outstanding shares of CPI common stock to demonstrate their strong support of the proposed transaction.

The investigation concerns whether CPI’s board of directors failed to adequately shop the Company and obtain the best price possible for CPI’s shareholders before entering into the agreement with Veritas.

If you own the common stock of CPI and purchased your shares before November 26, 2010, 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.

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

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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