PHOENIXVILLE, Pa.--(BUSINESS WIRE)--
The Young Law Firm is investigating potential claims against the Board of Directors of EDAC Technologies Corporation (“EDAC Technologies” or the “Company”) (EDAC) concerning the proposed buyout of the Company by GB Aero Engine LLC, an affiliate of Greenbriar Equity Group LLC. The investigation concerns whether EDAC Technologies‘ Board of Directors obtained fair value for the sale of the Company and whether the Board has fulfilled its fiduciary duties to shareholders in connection with the sale. Insiders at EDAC owning approximately 18.2% of the Company have agreed to tender their shares into this transaction.
Pursuant to the proposed sale of EDAC Technologies, shareholders will receive $17.75 for each share they own.
Shareholders have rights. If you own shares of EDAC Technologies and would like to learn more about these matters, please contact:
Henry Young Esq.
The Young Law Firm
Toll Free: (888) 452-7252
or visit: www.theyounglf.com/edac-buyout-merger-shareholder-lawsuit/
The Young Law Firm is a national shareholder litigation firm located outside of Philadelphia, Pa. We protect individual and institutional investors in state and federal courts nationwide. For more information about the firm and class action cases in general, please visit our website: www.theyounglf.com.
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