MAGNETEK, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
August 03 2015 - 11:57AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Magnetek, Inc.
(NASDAQ GM: MAG)?
- Did you purchase any of your shares
prior to July 27, 2015?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Magnetek,
Inc. (“Magnetek” or the “Company”) (NASDAQ GM: MAG) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Columbus McKinnon Corporation (“Columbus McKinnon”) (NASDAQ GS:
CMCO), in a transaction valued at approximately $189 million.
Click here to learn more:
http://rigrodskylong.com/investigations/magnetek-inc-mag.
Under the terms of the agreement, shareholders of Magnetek will
receive $50.00 in cash for each share of Magnetek they own.
The investigation concerns whether Magnetek’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Magnetek’s shareholders before entering into an agreement
with Columbus McKinnon.
If you own the common stock of Magnetek and purchased your
shares before July 27, 2015, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/magnetek-inc-mag.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150803005980/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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