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NEW YORK, — The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Esterline Technologies Corporation (“Esterline” or the “Company”) (NYSE: ESL) stock prior to October 10, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale ofEsterline to TransDigm Group Incorporated (NYSE: TDG) for $122.50 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The Esterline merger investigation concerns whether the Board of Esterline breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether TransDigm Group Incorporated is underpaying for Esterline shares, thus unlawfully harming Esterline shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.