STEVENSON, Md., Sept. 17, 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 Connecticut Superior Court in Stamford on behalf of all common stockholders of Bolt Technology Corporation ("Bolt" or the "Company") (NYSE: BOLT ).
On September 3, 2014, Bolt and Teledyne jointly announced that they had entered into a definitive agreement that provides for the merger of Bolt with a wholly-owned subsidiary of Teledyne in a transaction valued at approximately $171 million.
Under the terms of the transaction, Bolt stockholders are anticipated to receive $22.00 for each share of Bolt common stock they own. The claims asserted in the lawsuit concern whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Bolt shareholders.
If you currently own common stock of Bolt 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.
Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616
