BALA CYNWYD, Pa., June 4, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Axsys Technologies, Inc. ("Axsys" or the "Company") (Nasdaq:AXYS) relating to the proposed acquisition by General Dynamics Advanced Information Systems, ("General Dynamics").
Under the proposed agreement, Axsys shareholders will receive $54 for every share of Axsys common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Axsys board's approval of the proposed merger. The transaction appears to be unfair, in part, given that as recently as December 3, 2008 the stock was $72.75 a share.
If you own shares of Axsys and wish to discuss the legal ramifications of the proposed acquisition by General Dynamics, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Marc Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.