RADA Electronic Industries Ltd. (Nasdaq - RADA)

RADA Electronic Industries Ltd. (Nasdaq – RADA)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of RADA Electronic Industries Ltd. (Nasdaq – RADA)

BALA CYNWYD – June 21, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of RADA Electronic Industries Ltd. (“RADA” or the “Company”) (Nasdaq – RADA) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to merge with Leonardo DRS Inc. (“Leonardo DRS”). Under the terms of the Transaction, Leonardo DRS will acquire 100% of the share capital in RADA in exchange for approximately 19.5% equity ownership to RADA shareholders in the Combined Company, which will maintain the name Leonardo DRS and is anticipated to trade on NASDAQ and TASE under the symbol “DRS.”

The investigation concerns whether the RADA Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether the deal is fair to RADA shareholders.

If you own shares of RADA stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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