Robbins Umeda LLP Announces an Investigation of the Acquisition of Bell Microproducts Inc. by Avnet, Inc.
March 29 2010 - 3:29PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors of Bell Microproducts Inc.
("Bell") (NASDAQ: BELM) in connection with their actions in causing
Bell to enter into a definitive merger agreement with Avnet, Inc.
If the proposed transaction is approved, Bell shareholders will
receive $7.00 in cash for each share of Bell common stock they
hold. The transaction is expected to close in 60 to 120 days.
Robbins Umeda LLP's investigation concerns whether Bell's Board
of Directors undertook a fair process to obtain a fair price for
all shareholders of Bell.
If you are a shareholder of Bell and would like more information
about your rights as a shareholder, please contact attorney Lauren
Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-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 go to http://www.robbinsumeda.com.
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