Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Power-One, Inc. Shareholders
24 Avril 2013 - 12:12AM
Business Wire
Kirby McInerney LLP is investigating potential claims against
the Board of Directors of Power-One, Inc. (“Power-One” or the
“Company”) (NASDAQ: PWER) related to the proposed acquisition of
the Company by ABB Ltd. (“ABB”). Under the terms of the proposal,
ABB will acquire all of the outstanding common stock of Power-One
for $6.35 per share in cash, for a total transaction value of
approximately $1 billion, which includes Power-One’s net cash
holdings of $266 million.
The investigation concerns whether the Power-One Board of
Directors violated its fiduciary duties by agreeing to this
transaction and whether the proposed $6.35 per share consideration
adequately values Power-One common shares.
If you are a Power-One shareholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email
at bwalker@kmllp.com, by telephone at (212) 699-1145 or (888)
529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
Power-One, Inc. (MM) (NASDAQ:PWER)
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