Glancy
Prongay & Murray LLP is investigating potential claims against
the Board of Directors of Planar Systems, Inc. (“Planar” or the
“Company”) (NASDAQ:PLNR) related to the proposed acquisition of the
Company by Leyard Optoelectronic, Ltd. The transaction is valued at
approximately $156.8 million. The Company’s shareholders will receive
$6.58 for each share of Planar they own.
This investigation concerns whether the Board of Directors of Planar
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction.
If you are a shareholder of Planar, if you have information or would
like to learn
more about our investigation, or if you wish to discuss your rights
or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Prongay & Murray LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150
or Toll Free at (888) 773-9224 or by email to shareholders@glancylaw.com.
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jurisdictions under the applicable law and ethical rules.
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