Aeroflex Holding Corp. (NYSE:ARX) Investor Investigation Concerning Potential Wrongdoing In Proposed Acquisition

If you purchased shares of Aeroflex Holding Corp. (NYSE:ARX) and currently hold any of those NYSE:ARX shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Aeroflex Holding
Affected Securities: 
NYSE: ARX

May 27, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Aeroflex Holding Corp. (NYSE:ARX) shares, was announced concerning whether the takeover of Aeroflex Holding Corp. by Cobham plc is unfair to NYSE:ARX stockholders.

The investigation by a law firm concerns whether certain officers and directors of Aeroflex Holding Corp. breached their fiduciary duties owed to NYSE:ARX investors in connection with the proposed acquisition.

On May 20, 2014, Aeroflex Holding Corp. (NYSE:ARX) announced that it has entered into a merger agreement with Cobham plc (LSE:COB.LN). Under the terms of the transaction, Cobham will acquire Aeroflex Holding Corp. for $10.50 per share in cash.

However, given that NYSE:ARX shares rose in the open market on May 23, 2013 to as high as $10.60 per share, the investigation concerns whether the offer is unfair to NYSE:ARX stockholders.
In addition, given that Veritas Capital Fund III, L.P., Golden Gate Private Equity, Inc. and GS Direct, L.L.C. have already committed to vote in favor of (and not participate in any litigation challenging) this transaction, subject to the terms and conditions of a voting agreement entered into by such parties and Cobham, the investigation concerns whether the Aeroflex Holding Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Aeroflex Holding Corp. (NYSE:ARX) closed on May 23, 2014, at $10.53 per share.