CORRECTION (9/21):Metrologic Sued Over Its Acquisition By Grp 12:50 PM EDT September 22, 2006
Metrologic Instruments Inc. (MTLG) said in a filing with the Securities and Exchange Commission on Thursday that lawsuits filed against it alleging breach of fiduciary duty relate to its acquisition by a group of investors led by Francisco Partners. The Francisco Partners deal, which values Metrologic shares at $18.50 each, was announced Sept. 12. (In the story "Metrologic: 2 Shareholder Suits Filed Against Co." published at 5:02 p.m. EDT Thursday, it was incorrectly stated that the lawsuits involved a separate deal by Metrologic to sell its Adaptive Optics Associates Inc. to Essex Corp. Background information on the Adaptive Optics deal was inappropriately included in the story.)
(END) Dow Jones Newswires 09-22-06 1250ET Copyright (c) 2006 Dow Jones & Company, Inc.
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