STEVENSON, Md.--(BUSINESS WIRE)--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Valpey-Fisher Corporation (“VPF”) (NasdaqCM: VPF) and other violations of state law by the board of directors of VPF relating to the proposed acquisition of the company by CTS Corporation (“CTS”). The firm’s investigation seeks to determine, among other things, whether the board breached their fiduciary duties by failing to maximize shareholder value.
On November 17, 2011, CTS and VPF jointly announced that they had entered into a definitive agreement whereby CTS will acquire VPF for $4.15 per share in cash. According to the press release, the transaction is expected to close in January 2012.
If you currently own shares of VPF 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. Brower Piven is a Maryland-based firm that is knowledgeable of the Maryland legal standards that will apply in seeking to protect shareholders' rights. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.