NEW YORK, June 5, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Multiband
Corporation ("Multiband" or the "Company") (Nasdaq: MBND) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Goodman
Networks.
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
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Click here to learn more about the investigation
http://zlk.9nl.com/multiband-mbnd/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Multiband shareholders will
receive $3.25 for each share of
Multiband stock they own. The transaction has a total approximate
value of $116 million, including the
assumption of debt. The investigation concerns whether the
Multiband Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into the transaction, whether Goodman Networks is
underpaying for Multiband stock, thus unlawfully harming Multiband
shareholders. In particular, at least one analyst set a price
target for Multiband stock at $4.00
per share.
If you own common stock in Multiband 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 visit
http://zlk.9nl.com/multiband-mbnd/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. 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 - 24th 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
