Kirby McInerney LLP is investigating potential claims against the Board
of Directors of Planar Systems, Inc. (“Planar Systems” or the “Company”)
(NASDAQ:PLNR) concerning the proposed acquisition of the Company by
Leyard Optoelectronic Co., Ltd. Pursuant to the terms of the definitive
merger agreement, Planar Systems stockholders will receive $6.58 in cash
for each share of Planar Systems common stock they own, in a transaction
valued at approximately $156.8 million.
The investigation concerns whether the Planar Systems Board of Directors
violated its fiduciary duties by agreeing to the proposed transaction
and whether the proposed consideration adequately values the Company’s
common stock.
If you are a Planar Systems stockholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com,
or telephone at (212) 699-1145 or toll free at (888) 529-4787, or by filling
out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in
securities, whistleblower, antitrust and consumer litigation. For
additional information, please go to www.kmllp.com.
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