WAYNE, Pa., Dec. 16, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Performance Technologies Inc. ("Performance Technologies" or the "Company") (NASDAQ:PTIX) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Sonus Networks in a cash deal valued at approximately $30 million.
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If you own shares of Performance Technologies and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/ptix. You may also email Mr. Maniskas at email@example.com.
Under the terms of the proposed transaction, Performance Technologies' stockholders will receive $3.75 for each share of Performance Technologies common stock they own.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by Performance Technologies' Board of Directors for not acting in the Company's shareholders' best interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP