Rigrodsky & Long, P.A. Announces Investigation Of Power-One, Inc. Buyout
26 Avril 2013 - 3:35AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Power-One, Inc.
(NASDAQ GS: PWER)?
- Did you purchase any of your shares
prior to April 22, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Power-One,
Inc. (“Power-One” or the “Company”) (NASDAQ GS: PWER) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
ABB Ltd (“ABB”) (NYSE: ABB) in a transaction valued at
approximately $1 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/power-one-inc-pwer.
Under the terms of the agreement, public shareholders of
Power-One will receive $6.35 per share in cash for each share of
Power-One they own.
The investigation concerns whether Power-One’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Power-One’s shareholders before entering into an
agreement with ABB.
If you own the common stock of Power-One and purchased your
shares before April 22, 2013, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth Rigrodsky or Brian Long at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, Delaware 19803, by
telephone at (302) 295-5310, or Peter Allocco at Rigrodsky &
Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New
York 11530, by telephone at (888) 969-4242; by e-mail to
info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/power-one-inc-pwer.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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