NEW YORK, Dec. 26, 2013
/PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi &
Faruqi, LLP, a leading national securities firm headquartered in
New York City, is investigating
the Board of Directors of Coleman
Cable, Inc. ("Coleman" or the "Company") (NASDAQ: CCIX) for
potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Southwire Co in a
cash deal valued at approximately $492
million. Under the terms of the proposed transaction,
Coleman's stockholders will receive $26.25 per share for each share of Coleman common
stock they own. Southwire's offer is only at a premium of about 7
percent to Coleman stock's Thursday close.
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The investigation focuses on whether the Company's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Coleman's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
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If you own common stock in Coleman
Cable, Inc. and wish to obtain additional information and
protect your investments free of charge, please visit us at
www.faruqilaw.com/CCIX or contact Juan E.
Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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