NEW ORLEANS, Feb. 2, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Advanced Photonix, Inc. ("API" or the "Company") (NYSE MKT: API) to Luna Innovators Incorporated (NASDAQ: LUNA). Under the terms of the proposed transaction, shareholders of API will receive only 0.31782 shares of Luna stock for each share of API common stock that they own, which implies a price of $0.53 per API share based on the $1.68 per share closing price of Luna common stock on January 30, 2015, the last trading day before the announcement of the proposed transaction. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) or partner Michael J. Palestina (michael.palestina@ksfcounsel.com) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC
