Levi & Korsinsky is investigating the Board of Directors of Merrimac Industries Inc. (“Merrimac” or the “Company”) (AMEX: MRM) for possible breaches of fiduciary duty
New York, NY, December 30, 2009 — Levi & Korsinsky is investigating the Board of Directors of Merrimac Industries Inc. (“Merrimac” or the “Company”) (AMEX: MRM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Crane Co. (NYSE: CR) (“Crane”). Under the terms of the transaction, Merrimac shareholders will receive $16.00 in cash for each Meridian share of common stock they own for a total transaction value of approximately $52 million.
The investigation concerns whether the Merrimac Board of Directors breached their fiduciary duties to Merrimac stockholders by failing to adequately shop the Company before entering into this transaction and whether Crane is underpaying for Merrimac shares, thus unlawfully harming Merrimac stockholders.
If you own common stock in Merrimac and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/mrm1.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq, Eduard Korsinsky, Esq, 30 Broad Street – 15th Floor, New York, NY 10004, T: 212-363-7500, F: 212-363-7171, www.zlk.com
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Contact:
Joseph Levi
Levi & Korsinsky, LLP
30 Broad Street – 15th Floor
New York, NY 10004
212-363-7500
[email protected]
