Shareholder Alert: Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Nu Horizons Electronics Corp. -...
September 24 2010 - 11:59AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Nu Horizons Electronics Corp. (“Nu Horizons” or the
“Company”) (NasdaqGS: NUHC) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Arrow Electronics, Inc. (NYSE: ARW). The proposed
transaction offers Nu Horizons shareholders to only receive $7.00
in cash for each share they own.
Whether the Nu Horizons’ Board of Directors breached their
fiduciary duties to Nu Horizons’ stockholders by failing to conduct
an adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues Nu Horizons’ shares and by how much this
proposed transaction undervalues the Company to the detriment of Nu
Horizons shareholders are the key focus of this investigation.
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, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Nu Horizons and wish to obtain
additional information, please visit us at
www.faruqilaw.com/nuhorizons 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.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2010 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.
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