STEVENSON, Md., July 15, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the New Jersey Superior Court, Essex County, on behalf of all common stockholders of Measurement Specialties, Inc. ("Measurement Specialties" or the "Company") (Nasdaq:MEAS). The complaint asserts that the Company's Board of Directors breached their fiduciary duties in connection with the sale of the Company to TE Connectivity Ltd. ("TE Connectivity").
Under the terms of the transaction, Measurement Specialties shareholders will receive $86 in cash for each share of Measurement Specialties stock they own. The claims asserted in the lawsuit concern whether the Board of Directors of Measurement Specialties breached their fiduciary duties to stockholders by failing to maximize shareholder value before agreeing to enter into this transaction, and whether TE Connectivity is underpaying for Measurement Specialties shares.
If you currently own common stock of Measurement Specialties and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.