Faruqi & Faruqi Investigation: Planar Systems, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Planar Systems, Inc. (“Planar” or the “Company”) (Nasdaq:PLNR) for potential breaches of fiduciary duties in connection with the sale of the Company to Leyard Optoelectronic Co., Ltd. for approximately $157 million in cash.
The Company’s stockholders will only receive $6.58 for each share of Company common stock they own. However, the offer represents a inadequate premium since Planar stock traded at $8.68 per share as recently as December 29, 2014 and at least one Wall Street analyst price target for Planar stock is at $7.50 per share.
If you own common stock in Planar and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.