NEW YORK, Sept. 3, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating potential breaches of fiduciary duties by the Board of Directors of Eagle Test Systems Inc. ("Eagle" or the "Company") (Nasdaq:EGLT) in connection with the Board's approval of the sale of the Company to Teradyne, Inc. Under the terms of the agreement, Eagle shareholders would receive $15.65 in cash for every Eagle share they own. In addition and in connection with the transaction, Eagle has obtained an agreement from TA Funds and the Foxman Holders who own beneficially approximately 39.5% of Eagle's outstanding common stock to vote all of their shares in favor of the transaction. The proposed acquisition is subject to customary conditions and regulatory approvals.
If you own common stock in Eagle and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/eagle.html
Levi & Korsinsky has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.