Bull & Lifshitz Investigates LaserCard Acquisition

Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of LaserCard Corporation by ASSA ABLOY AB in an all cash tender offer valued at approximately $80 million.

Under the terms of the agreement, a subsidiary of ASSA ABLOY will commence a cash tender offer to acquire LaserCard’s outstanding shares of common stock at $6.25 per share, net to each holder in cash.

Bull & Lifshitz, LLP’s investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders. If you are a holder of LaserCard stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.