Tag Archives: EDAC

CORRECTING and REPLACING Law Office of Brodsky & Smith, LLC Announces Investigation of EDAC Technolo

By Business Wirevia The Motley Fool

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CORRECTING and REPLACING Law Office of Brodsky & Smith, LLC Announces Investigation of EDAC Technologies Corporation

BALA CYNWYD, Pa.–(BUSINESS WIRE)– First graph, first sentence of release dated March 19, 2013: Remove “, L.P. (“Kinder Morgan”).”

The corrected release reads:

LAW OFFICE OF BRODSKY & SMITH, LLC ANNOUNCES INVESTIGATION OF EDAC TECHNOLOGIES CORPORATION

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of EDAC Technologies Corporation (“EDAC” or the “Company”) (NAS: EDAC) relating to the proposed acquisition by GB Aero Engine, LLC, an affiliate of Greenbriar Equity Group LLC.

Under the terms of the transaction, EDAC shareholders will receive only $17.75 in cash for each share of EDAC stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of EDAC for not acting in the Company’s shareholders’ best interests in connection with the sale process to GB Aero Engine, LLC. The focus of the investigation is whether the EDAC Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction.

The transaction may undervalue EDAC as the Company has indicated that it has executed a strategic plan to achieve strong profitable growth by diversifying its business with prime and Tier-1 aerospace customers, transitioning their industrial business to move more full scale programs and complex parts, broadening its core competencies through selective acquisitions and improving efficiency company-wide. This has resulted in first quarter sales being increased 25% and gross profits being increased by 35% from the fourth quarter of 2011.

If you own shares of EDAC stock 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 investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/555-edac-edac-technologies-corporation.html, by calling toll free 877-LEGAL-90.

Finkelstein Thompson LLP Announces Investigation of EDAC Technologies, Corp.

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Finkelstein Thompson LLP Announces Investigation of EDAC Technologies, Corp.

WASHINGTON–(BUSINESS WIRE)– The law firm Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of EDAC Technologies Corp. (NAS: EDAC) (“EDAC” or “the Company”), concerning the proposed acquisition of the Company by GB Aero Engine LLC, an affiliate of Greenbrier Equity Group LLC. Under the terms of the transaction, shareholders would receive $17.75 per share in cash, in a tender offer valued at approximately $104.1 million.

The investigation is focused on the potential unfairness of the consideration to shareholders, the process by which the Company’s Board of Directors considered the transaction, as well as potential conflicts of interest among EDAC‘s Board members.

If you are interested in discussing your rights as an EDAC shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (202)-337-8000 or by email at contact@finkelsteinthompson.com.

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our website at www.finkelsteinthompson.com. Attorney advising. Prior results do not guarantee similar outcomes.

Finkelstein Thompson LLP
Rosalee Thomas, 202-337-8000

KEYWORDS:   United States  North America  District of Columbia

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The article Finkelstein Thompson LLP Announces Investigation of EDAC Technologies, Corp. originally appeared on Fool.com.

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Rosen Law Firm Announces Investigation of EDAC Technologies Corporation in Connection with its Sale

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Rosen Law Firm Announces Investigation of EDAC Technologies Corporation in Connection with its Sale to Greenbriar Equity Group LLC – EDAC

NEW YORK–(BUSINESS WIRE)– The Rosen Law Firm, P.A. is investigating the Board of Directors of EDAC Technologies Corporation (NASDAQ CM: EDAC) for possible breaches of fiduciary duty and other violations of state law in connection with its sale of the Company to GB Aero Engine LLC, an affiliate of private equity firm Greenbriar Equity Group LLC.

If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.

Under the terms of the transaction, shareholders will receive $17.75 for each share of EDAC stock they own. Members of the Board and executive officers of EDAC, who collectively own approximately 18.2% of the Company, have agreed to tender their shares into this transaction. The investigation relates to whether the price of $17.75 per share is fair to public shareholders and whether EDAC‘s Board breached its fiduciary duties in connection with the transaction.

If you own EDAC common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

The Rosen Law Firm P.A.
Phillip Kim, Esq.
Laurence Rosen, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
pkim@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com

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The article Rosen Law Firm Announces Investigation of EDAC Technologies Corporation in Connection with its Sale to Greenbriar Equity Group LLC – EDAC originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool …read more
Source: FULL ARTICLE at DailyFinance

Law Office of Brodsky &amp; Smith, LLC Announces Investigation of EDAC Technologies Corporation

By Business Wirevia The Motley Fool

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Law Office of Brodsky & Smith, LLC Announces Investigation of EDAC Technologies Corporation

BALA CYNWYD, Pa.–(BUSINESS WIRE)– Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of EDAC Technologies Corporation (“EDAC” or the “Company”) (NAS: EDAC) relating to the proposed acquisition by GB Aero Engine, LLC, an affiliate of Greenbriar Equity Group LLC, L.P. (“Kinder Morgan”).

Under the terms of the transaction, EDAC shareholders will receive only $17.75 in cash for each share of EDAC stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of EDAC for not acting in the Company’s shareholders’ best interests in connection with the sale process to GB Aero Engine, LLC. The focus of the investigation is whether the EDAC Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction.

The transaction may undervalue EDAC as the Company has indicated that it has executed a strategic plan to achieve strong profitable growth by diversifying its business with prime and Tier-1 aerospace customers, transitioning their industrial business to move more full scale programs and complex parts, broadening its core competencies through selective acquisitions and improving efficiency company-wide. This has resulted in first quarter sales being increased 25% and gross profits being increased by 35% from the fourth quarter of 2011.

If you own shares of EDAC stock 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 investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/555-edac-edac-technologies-corporation.html, by calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/555-edac-edac-technologies-corporation.html

KEYWORDS:   United States  North America  Pennsylvania

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The article Law Office of Brodsky & Smith, LLC Announces Investigation of EDAC Technologies Corporation originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We …read more
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Law Firm Kirby McInerney LLP Investigating Potential Claims on EDAC Technologies Corp. Shareholders

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Law Firm Kirby McInerney LLP Investigating Potential Claims on EDAC Technologies Corp. Shareholders

NEW YORK–(BUSINESS WIRE)– Kirby McInerney LLP is investigating potential claims against the Board of Directors of EDAC Technologies Corp. (“EDAC” or the “Company”) (NAS: EDAC) related to the proposed acquisition of the Company by GB Aero Engine LLC, an affiliate of Greenbriar Equity Group LLC. Under the terms of the agreement, GB Aero Engine LLC will acquire EDAC for $17.75 per share in cash pursuant to a cash tender offer and second step merger, valuing the Company at approximately $104.1 million.

The investigation concerns whether the EDAC Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $17.75 per share consideration adequately values EDAC shares. The offer price represents only a 19.8% premium over EDAC‘s average closing price during the 30 trading days prior to March 15, 2013.

If you are an EDAC shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com

Kirby McInerney LLP
J. Brandon Walker, Esq.
212-699-1145 or 888-529-4787
bwalker@kmllp.com

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The article Law Firm Kirby McInerney LLP Investigating Potential Claims on EDAC Technologies Corp. Shareholders originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Rigrodsky &amp; Long, P.A. Announces Investigation Of EDAC Technologies Corporation Buyout

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Rigrodsky & Long, P.A. Announces Investigation Of EDAC Technologies Corporation Buyout

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you own shares of EDAC Technologies Corporation (NASDAQ CM: EDAC )?
  • Did you purchase any of your shares prior to March 18, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of EDAC Technologies Corporation (“EDAC” or the “Company”) (NASDAQ CM: EDAC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by GB Aero Engine LLC, an affiliate of Greenbriar Equity Group LLC (“Greenbriar”), in a transaction valued at approximately $104.1 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/edac-technologies-corporation-edac.

Under the terms of the proposal, public shareholders of EDAC will receive $17.75 per share in cash for each share of EDAC they own.

The investigation concerns whether EDAC‘s board of directors failed to adequately shop the Company and obtain the best possible value for EDAC‘s shareholders before entering into an agreement with Greenbriar.

If you own the common stock of EDAC and purchased your shares before March 18, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Brian Long at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (302) 295-5310, or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/edac-technologies-corporation-edac.

…read more
Source: FULL ARTICLE at DailyFinance

Faruqi &amp; Faruqi, LLP is Seeking More Cash for the Shareholders of EDAC Technologies Corporation (EDA

By Business Wirevia The Motley Fool

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Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of EDAC Technologies Corporation (EDAC)

NEW YORK–(BUSINESS WIRE)– Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of EDAC Technologies Corporation (“EDAC” or the “Company”) (NAS: EDAC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to GB Aero Engine LLC, an affiliate of Greenbriar Equity Group LLC, in a cash deal valued at approximately $104.1 million. Under the terms of the proposed transaction, EDAC‘s stockholders will receive $17.75 for each share of EDAC common stock they own. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.

Request more information now by clicking here: www.faruqilaw.com/EDAC . There is no cost or obligation to you.

The investigation focuses on whether EDAC‘s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of EDAC‘s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in EDAC and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/EDAC or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
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Source: FULL ARTICLE at DailyFinance

Law Firm Brower Piven Announces Investigation of EDAC Technologies Corporation Proposed Buyout

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Law Firm Brower Piven Announces Investigation of EDAC Technologies Corporation Proposed Buyout

STEVENSON, Md.–(BUSINESS WIRE)– The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of EDAC Technologies Corporation (“EDAC” or the “Company”) (NAS: EDAC) and other violations of state law by the board of directors of EDAC relating to the proposed buyout of the Company by GB Aero Engine LLC, an affiliate of Greenbriar Equity Group LLC. The firm’s investigation seeks to determine, among other things, whether EDAC‘s board of directors breached their fiduciary duties by failing to maximize shareholder value.

As stated in the press release announcing the proposed buyout, EDAC shareholders will receive $17.75 in cash for each share of EDAC they own. Insiders holding approximately 18% of Company stock have already agreed to tender their shares.

If you currently own common stock of EDAC and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com

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The article Law Firm Brower Piven Announces Investigation of EDAC Technologies Corporation Proposed Buyout originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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EDAC Technologies Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to GB

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EDAC Technologies Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to GB Aero Engine

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of EDAC Technologies Corporation (“EDAC“) (NAS: EDAC) to GB Aero Engine LLC, an affiliate of Equity Group, LLC for shareholders. Under the terms of the proposed deal valued at approximately $104.1 million, EDAC shareholders will only receive $17.75 in cash for each share of stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via email at zach@powerstaylor.com. There is no cost or fee to you.

The EDAC sale investigation centers on whether EDAC‘s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues EDAC‘s stock, and whether EDAC‘s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that “based upon the proposed sale price, the size of the deal and other factors, we believe this transaction may undervalue EDAC‘s stock. Our proposed lawsuit will seek to ensure that shareholders are receiving the highest share price for their shares.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com

KEYWORDS:   United States  North America  Texas

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The article EDAC Technologies Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to GB Aero Engine originally appeared on Fool.com.

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