Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of CPI International, Inc. (“CPI” or the “Company”) (NASDAQ:CPII) related to the Company’s agreement to be acquired by an affiliate of Veritas Capital Fund IV (“Veritas Capital”). The proposed cash transaction is valued at approximately $525 million.
Under the terms of the definitive merger agreement entered into by the parties, CPI shareholders will receive $19.50 in cash for each share they own of the Company’s common stock. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by CPI’s board of directors.
If you are a shareholder of CPI, 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.