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Planar Systems, Inc. (PLNR)

Nasdaq:PLNR

Summary

Faruqi & Faruqi, LLP Announces the Investigation of Planar Systems, Inc. (PLNR) Over the Proposed Sale of the Company to Leyard Optoelectronic Co., Ltd.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Planar Systems, Inc.  (“Planar” or the “Company”) (Nasdaq:PLNR) for potential breaches of fiduciary duties in connection with the sale of the Company to Leyard Optoelectronic Co., Ltd. for approximately $157 million in cash. 

The Company’s stockholders will only receive $6.58 for each share of Company common stock they own. However, the offer represents a inadequate premium since Planar stock traded at $8.68 per share as recently as December 29, 2014 and at least one Wall Street analyst price target for Planar stock is at $7.50 per share.

If you own common stock in Planar and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

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information at no cost to you on how to join the Class Action.

  • Company:
    Planar Systems, Inc. (PLNR)
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Contact Counsel

MergerInfo Request
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 08/14/2015

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