NEW YORK, Dec. 27, 2011 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Baldwin
Technology Company, Inc. ("Baldwin" or the "Company") (NYSE: BLD)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to
Forsyth Baldwin, LLC ("Forsyth") in
a going private transaction. Under the terms of the
transaction, Baldwin shareholders will receive $0.96 in cash for each share of Baldwin Class A
or Class B Common Stock, subject to adjustment at closing based on
certain criteria, including the extent that the difference between
Baldwin's aggregate cash balances and the balance of aged accounts
payable is less than $1,800,000,
provided that such adjustments cannot reduce the per share
consideration below $0.90.
Click here to learn how to join the action:
http://www.zlk.com/baldwin-technology-bld, or call:
877-363-5972.
The investigation concerns whether the Baldwin Board of
Directors breached their fiduciary duties to Baldwin stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Forsyth is underpaying for Baldwin shares,
thus unlawfully harming Baldwin stockholders. In particular,
as recently as October of this year, Baldwin stock traded at
$1.22 per share and at least one
analyst set a price target for Baldwin stock at $1.80 per share.
If you own common stock in Baldwin and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or
http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP