The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Herley Industries, Inc. in Connection with the Sale of the Company to Kratos Defense & Security Solutions, Inc. – HRLY

NEW YORK--(BUSINESS WIRE)--The Law Office of Joseph Klein is investigating the Board of Directors of Herley Industries, Inc. (“Herley” or the “Company”) (Nasdaq: HRLY) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kratos Defense & Security Solutions, Inc. (“Kratos”) (Nasdaq: KTOS). Under the terms of the proposed deal, Kratos will acquire all outstanding shares of Herley common stock in a tender offer for $19.00 per share for a total transaction value of approximately $270 million.