Argon ST, Inc. Merger Litigation (Nasdaq: STST)
Law Office of Brodsky & Smith, LLC Announces Investigation of Argon ST, Inc.
BALA CYNWYD – (BUSSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Argon ST, Inc. (“Argon” or the “Company”) (Nasdaq: STST – News) relating to the proposed acquisition by The Boeing Company (“Boeing”). Under the terms of the offer, Argon shareholders would receive $34.50 for each share of Boeing stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Argon board’s approval of the proposed acquisition. Specifically, Argon shareholders need additional information to know what actions the board took to adequately shop the Company before entering into this transaction and whether Boeing is underpaying for Argon, resulting in harm to the Argon shareholders. The current management is expected to remain with the Company, which will become a subsidiary of Boeing.
If you own shares of Argon and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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