Law Office of Brodsky & Smith, LLC Announces Investigation of Bell Microproducts, Inc.
March 31 2010 - 4:18PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Bell Microproducts, Inc. (“Bell” or the “Company”) (Nasdaq:BELM)
relating to the proposed acquisition by Avnet, Inc. (“Avnet”).
Under the terms of the offer, Bell shareholders would receive $7.00
for each share of Bell stock they own.
The investigation concerns possible breaches of fiduciary duty
and other violations of state law related to the Bell board’s
approval of the proposed acquisition. Specifically, Bell
shareholders need additional information to know what actions the
board took to adequately shop the Company before entering into this
transaction and whether Avnet is underpaying for Bell, resulting in
harm to the Bell shareholders.
If you own shares of Bell 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, or by calling toll free
877-LEGAL-90.
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