Kendall Law Group Investigating Bell Microproducts Inc. Merger for Shareholders
29 März 2010 - 10:15PM
Business Wire
Kendall Law Group is investigating the Bell Microproducts Inc.
(NASDAQ:BELM) merger with Avnet, Inc. for shareholders. The
national securities litigation firm is investigating whether a fair
process was used prior to entering into the merger agreement and
whether the Bell Board of Directors breached their fiduciary duties
by not seeking a deal that would provide better value of the
Company. BELM shareholders are encouraged to contact the Kendall
Law Group at 877-744-3728 or by email at
hlindley@kendalllawgroup.com.
On March 29, 2010, Bell announced that it had entered into an
agreement to be acquired by Avnet in a $594 million transaction
expected to close in 60 to 120 days. According to the agreement,
shareholders will receive $7.00 in cash per BELM share owned, which
represents a 30% premium over the closing price on March 26, 2010,
the last trading day before the deal was announced.
Kendall Law Group, 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 many merger and acquisition cases nationwide,
including some of the largest transactions in the United
States.
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