DALLAS, June 12, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group, led by former Federal Judge Joe Kendall and former U.S. Attorney Jim Rolfe, is investigating the Board of Directors of Axsys Technologies, Inc. (Nasdaq:AXYS) because of their attempt to sell the Company to General Dynamics Corp. at a potentially unfair price.
Pursuant to the agreement between the two companies, Axsys shareholders would receive $54 for each share they own. However, analysts currently place a median price target of $64 per share with a high price target of $80 per share. Axsys shares traded at over $72 per share as recently as December 2008. For these reasons, Kendall Law Group is investigating whether the current price is unfair.
If you owned common stock in Axsys before June 3, 2009, and wish to understand more about your legal rights, please contact Kendall Law Group attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Kendall Law Group has had tremendous success in representing investors in securities lawsuits. Please visit www.kendalllawgroup.com for more information.
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