ATLANTA, June 9, 2009 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of law in connection with a proposed buyout of Axsys Technologies, Inc. (Nasdaq:AXYS) by General Dynamics, Corp. (NYSE:GD) which was announced on June 4, 2009. The announcement indicated that General Dynamics has agreed to purchase the outstanding shares of Axsys Technologies for $54 per share for a total price of approximately $643 million. Axsys Technologies stock traded above $72 as recently as December 2008. Our investigation seeks to determine whether Axsys Technologies' Board of Directors breached their fiduciary duty to shareholders by approving the deal.
Current holders of Axsys Technologies common stock with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.