Finkelstein Thompson LLP Announces Investigation of Bell Microproducts Inc.
07 April 2010 - 12:27AM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Bell Microproducts Inc. (“Bell” or the
“Company”) (NasdaqGM: BELM) arising from the Company’s announcement
of its intent to sell the Company to Avnet, Inc. Under the terms of
the agreement, Bell shareholders will receive $7.00 in cash for
each share they own, placing a total value of approximately $594
million on the deal, including the assumption of debt.
The investigation is focused on the potential unfairness of the
price to Bell’s shareholders and the process by which the Bell
Board of Directors considered and approved the transaction,
particularly in light of their most recent quarterly financial
results, which saw net sales increase by 9%.
If you are interested in discussing your rights as a Bell
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC office at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney
advertising. Prior results do not guarantee similar outcomes.
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