Kendall Law Group Investigates Nu Horizons Electronics Corp. Acquisition for Shareholders
21 Septembre 2010 - 7:30PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Nu Horizons Electronics Corp. (NASDAQ: NUHC) for
shareholders in connection with the proposed acquisition by Arrow
Electronics, Inc. The national securities firm’s investigation
seeks to determine whether Nu Horizons and its Board breached their
fiduciary duties by entering into the agreement without properly
shopping for a deal that would provide better value for
shareholders. If you are a Nu Horizons shareholder and would like
additional information about your rights, contact the Kendall Law
Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On September 20, 2010, the companies announced the definitive
merger agreement under which Nu Horizons would be acquired by Arrow
in a transaction valued at approximately $130 million. Under the
terms of the agreement, Nu Horizons stockholders will receive $7.00
in cash for each share of Nu Horizons/NUHC common stock. The firm’s
investigation seeks to determine if the transaction provides proper
value for shareholders.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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