Robbins Umeda LLP Is Investigating LaBarge, Inc. Acquisition for Shareholders
Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of LaBarge, Inc. (AMEX: LB). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of LaBarge in connection with their efforts to be acquired by Ducommun Inc.
On April 4, 2011, LaBarge announced it has entered into a definitive merger agreement under which LaBarge will be acquired by Ducommun in an all-cash transaction. Under the current agreement, LaBarge shareholders will receive $19.25 in cash for each share of LaBarge common stock they hold. The transaction is expected to close end of June 2011.
The investigation is focused on whether LaBarge’s board is undertaking a fair process to obtain maximum value for its shareholders. Of particular interest, the board has agreed to have LaBarge pay Ducommun approximately $13 million if the acquisition does not go through under certain circumstances, such as the board agreeing to a higher offer for the company. Also, at least one analyst had a target price of $22.00 for LaBarge as of March 29, 2011.
If you own stock in LaBarge and would like more information about your shareholder rights, please complete the form below and we will contact you directly. We also welcome you to call us at 800-350-6003.