NEW YORK, March 19, 2013 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of EDAC Technologies Corp. ("EDAC" or the "Company")
(NASDAQ: EDAC) concerning the proposed acquisition of the Company
by GB Aero Engine LLC ("GB Aero") in a transaction valued at
approximately $104 million.
(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO
)
On March 18, 2013, EDAC announced
that it had entered into a definitive agreement pursuant to which
the Company will be acquired by GB Aero. Under the terms of
the agreement, EDAC stockholders will receive $17.75 in cash for each share of EDAC stock
held.
Our investigation concerns whether the EDAC board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company shareholders.
If you own EDAC shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2013 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP
