INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Coleman Cable, Inc. (CCIX) Over the Proposed Sale of the ...
December 20 2013 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Coleman Cable, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Coleman Cable, Inc.
(“Coleman” or the “Company”) (NASDAQ: CCIX) for potential breaches
of fiduciary duties in connection with their conduct related to the
sale of the Company to Southwire Co in a cash deal valued at
approximately $492 million. Under the terms of the proposed
transaction, Coleman’s stockholders will receive $26.25 per share
for each share of Coleman common stock they own. Southwire’s offer
is only at a premium of about 7 percent to Coleman stock’s Thursday
close.
Request more information now by clicking here:
www.faruqilaw.com/CCIX. There is no cost or
obligation to you.
The investigation focuses on whether the Company’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Coleman’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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If you own common stock in Coleman Cable, Inc. and wish to
obtain additional information and protect your investments free of
charge, please visit us at www.faruqilaw.com/CCIX or contact Juan
E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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