Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Planar Systems Inc (NASDAQ: PLNR) acted responsibly on behalf of investors’ profitability in the planned $156.8 million sale to Leyard Optoelectronic Co Ltd. 

On August 12, 2015, Planar Systems Inc (NASDAQ: PLNR) and Leyard Optoelectronic Co Ltd announced that they had entered into a merger agreement. Under the terms of the merger agreement, Leyard will offer Planar shareholders $6.58 per share in cash for all outstanding shares. 

Based in Beaverton, OR, and founded in 1983 Planar Systems Inc develops and manufactures electronic displays for the display signage market. Their LCD systems allow customers to create flat, large video walls for various applications, including ambience, advertising, architectural, and brand promotion.  The Company also offers products for commercial and industrial display markets comprising desktop monitor displays, rear-projection cube displays, touch monitor displays, high-end home displays, custom commercial and industrial displays, and electroluminescent displays. 

The investigation is looking to uncover whether Planar Systems Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $7.50 per share. 

If you purchased Planar Systems Inc (NASDAQ: PLNR) prior to August 12, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324. 

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