Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Bell Microproducts Inc.
March 30 2010 - 3:54PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Bell Microproducts Inc. (“Bell” or the “Company”) (NASDAQ:BELM)
related to the Company’s agreement to be acquired by Avnet, Inc.
(“Avnet”). The proposed, all-cash transaction is valued at
approximately $594 million, including assumed debt.
Under the terms of the definitive agreement entered into by the
parties, Bell shareholders will receive $7.00 cash for each share
of Bell common stock they own. Upon completion of the merger, Bell
will become a wholly owned subsidiary of Avnet. The transaction is
expected to close in 60 to 120 days. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the transaction by Bell’s board of
directors.
If you own shares of Bell Microproducts Inc., 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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