WASHINGTON, April 9, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating potential shareholder claims in connection with T.A.T. Technologies Ltd.'s ("T.A.T. Technologies") (Nasdaq:TATTF) plan to purchase all the publicly held shares of its subsidiary Limco-Piedmont Inc. ("Limco-Piedmont") (Nasdaq:LIMC) in an all-stock merger.
Under the terms of the agreement, each outstanding share of Limco-Piedmont's common stock will be automatically converted into a right to receive half of an ordinary share of T.A.T. Technologies. At the present, T.A.T. Technologies holds 61.8% of all Limco-Piedmont's common stock. The focus of this investigation is whether Limco-Piedmont's public shareholders are receiving a fair price for their shares, pursuant to a fair process, consistent with the Limco Board of Directors' fiduciary duties.
If you are interested in discussing your rights as a Limco-Piedmont shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.