Faruqi & Faruqi, LLP is Investigating the Acquisition of Micronetics Inc. (NOIZ)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Micronetics Inc. (“Micronetics” or the “Company”) (NASDAQ: NOIZ) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Mercury Computer Systems Inc. (NASDAQ: MRCY) in an all-cash deal valued at approximately $75.4 million, which includes the assumption of Micronetics’ net debt. Under the terms of the proposed transaction, Micronetics’ stockholders will receive $14.80 in cash for each share of Micronetics common stock they own.
Whether Micronetics’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Micronetics’ shares and by how much this proposed transaction undervalues the Company to the detriment of Micronetics’ shareholders are the key focus of this investigation.
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Faruqi & Faruqi, LLP
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New York, NY 10017
Tel: (212) 983-9330
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