Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Zareba Systems, Inc.
15 Januar 2010 - 3:07PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Zareba Systems, Inc. (“Zareba”) (Nasdaq:ZRBA) related to the
Company’s agreement to merge with a subsidiary of Woodstream
Corporation (“Woodstream”), which is majority owned by private
equity firms Brockway Moran & Partners, Inc. and Code Hennessy
& Simmons LLC. The cash transaction is valued at approximately
$23 million.
Under the terms of the definitive agreement entered into by the
parties, Zareba shareholders would receive $9.00 in cash for each
outstanding share of Zareba common stock, a newly-formed subsidiary
of Woodstream will merge with and into Zareba, and Zareba will
become a wholly-owned subsidiary of Woodstream. The merger is
expected to be completed in the first half of 2010. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the merger agreement
by the Zareba board of directors.
If you own shares of Zareba, 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 Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at 215-638-4847, Toll Free at 888-638-4847, or by
email to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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