NEW YORK, Aug. 4, 2015 /PRNewswire/ -- Morgan & Morgan
announces that it is investigating potential legal claims against
the board of directors of Magnetek, Inc. ("Magnetek" or the
"Company") (NasdaqGM: 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.
If you own shares of Magnetek and would like to learn more
about the Magnetek shareholder investigation, you may contact
Morgan & Morgan at 1(800) 732-5200 or email
info@morgansecuritieslaw.com.
Under the terms of the transaction, shareholders of Magnetek
will receive $50.00 in cash for each
share of Magnetek they own. The transaction valued at approximately
$189 million.
The investigation relates to whether the proposal is fair to the
public shareholders and if the Company's Board of Directors
breached their fiduciary duties to shareholders.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to shareholder rights, the firm also
practices in the areas of antitrust, personal injury, consumer
protection, overtime, and product liability. All of the
Firm's legal endeavors are rooted in its core mission: provide
investor and consumer protection and always fight "for the
people."
Attorney advertising. Prior results do not guarantee a
similar outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-732-5200
info@morgansecuritieslaw.com
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SOURCE Morgan & Morgan