COLEMAN CABLE, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
December 24 2013 - 1:31PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Coleman Cable,
Inc. (NASDAQ GM: CCIX)?
- Did you purchase any of your shares
prior to December 20, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Coleman
Cable, Inc. (“Coleman Cable” or the “Company”) (NASDAQ GM: CCIX)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Southwire Company (“Southwire”), in a transaction
valued at approximately $786 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/coleman-cable-inc-ccix.
Under the terms of the agreement, public shareholders of Coleman
Cable will receive $26.25 per share in cash for each share of
Coleman Cable they own.
The investigation concerns whether Coleman Cable’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Coleman Cable’s shareholders before entering
into an agreement with Southwire. According to Yahoo! Finance, at
least one analyst has issued a price target for Coleman Cable stock
at $28.00 per share.
If you own the common stock of Coleman Cable and purchased your
shares before December 20, 2013, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York
11530, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/coleman-cable-inc-ccix.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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