Egleston Law Investigates the Sale of LaserCard …

Egleston Law Firm 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. The investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.