Law Office of Brodsky & Smith, LLC Announces Investigation of Baldwin Technology Company, Inc.
December 27 2011 - 4:49PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Baldwin Technology Company, Inc. (“Baldwin” or the “Company”) (NYSE
Amex: BLD) relating to the proposed acquisition by Forsyth Baldwin,
LLC. (“Forsyth”).
Under the terms of the going-private transaction, Baldwin
shareholders would receive $0.96 in cash for each share of Baldwin
stock they own. The purchase price could be reduced to not less
than $0.90 per share. The investigation concerns possible breaches
of fiduciary duty and other violations of state law by the Board of
Directors of Baldwin for not acting in the Company’s shareholders'
best interests in connection with the sale process to Forsyth. The
transaction may undervalue Baldwin as Baldwin stock traded at $1.78
on May 9, 2011 and traded at $1.22 as recently as October 17, 2011.
In addition, an analyst has set a price target of $1.80 per share
for Baldwin stock.
If you own shares of Baldwin stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/377-bld-baldwin-technology-company-inc.html,
or by calling toll free 877-LEGAL-90.
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