Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Bell Microproducts Inc. by Avnet, Inc.
03 April 2010 - 3:02PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Bell Microproducts Inc. (NASDAQ: BELM) (referred to as
"Bell" or the “Company”) to Avnet, Inc. (referred to as
“Avnet”).
As a result of the merger, each outstanding share of common
stock of Bell, and other than those shares with respect to which
dissenters' rights are properly exercised and not withdrawn, will
be canceled and will be automatically converted into the right to
receive $7.00 in cash, without interest and subject to any
applicable withholding taxes. Upon completion of the merger, Bell
will become a wholly owned subsidiary of Avnet.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Bell stock and want to discuss your legal
rights, you may e-mail or call Bull & Lifshitz, LLP who will,
without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Bell and would like more information
about our investigation, please contact Peter D. Bull, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to Bell.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law
firm responsible for this advertisement is Bull & Lifshitz,
LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
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