Shareholders Foundation, Inc.

Measurement Specialties, Inc. (NASDAQ:MEAS) Investor Alert: Investigation of Takeover by Analog Devices, Inc

An investigation on behalf of investors of Measurement Specialties, Inc. (NASDAQ:MEAS in connection with the proposed takeover was announced and NASDAQ:MEAS stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (ReleaseWire) -- 06/23/2014 -- An investigation on behalf of investors, who currently hold shares of Measurement Specialties, Inc. (NASDAQ:MEAS), was announced concerning whether the takeover of Measurement Specialties, Inc. by TE Connectivity Ltd at $86 per share is unfair to NASDAQ:MEAS stockholders.

Investors who purchased shares of Measurement Specialties, Inc. (NASDAQ:MEAS) and currently hold any of those NASDAQ:MEAS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Measurement Specialties, Inc. breached their fiduciary duties owed to NASDAQ:MEAS investors in connection with the proposed acquisition.

On June 18, 2014, TE Connectivity Ltd. announced that it has entered into an agreement to acquire Measurement Specialties, Inc. for $86 cash per share or a total transaction value of approximately $1.7 billion (including assumption of net debt).

However, given that NASDAQ:MEAS shares rose after the takeover announcement in the open market to as high as $86.55 per share, the investigation concerns whether the offer is unfair to NASDAQ:MEAS stockholders. More specifically, the investigation concerns whether the Measurement Specialties Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Measurement Specialties, Inc. reported that its Total Revenue rose from $274.79 million for the 12 months period that ended on March 31, 2011 to $412.67 million for the 12 months period that ended on March 31, 2014 and that its respective Net Income increased from $28,18 million to $37.76 million. Shares of Measurement Specialties, Inc. (NASDAQ:MEAS) grew from $25.02 per share in September 2011 to as high as $78.90 per share on June 17, 2014.

On June 20, 2014, NASDAQ:MEAS shares closed at $86.36 per share.

Those who are current investors in Measurement Specialties, Inc. (NASDAQ:MEAS) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com