Power-One Shareholders Seeking More Money in Buyout to ABB Encouraged to Contact Deans & Lyons LLP Investor Rights Lawyers
April 29 2013 - 5:24PM
PR Newswire (US)
DALLAS, April 29, 2013 /PRNewswire/ -- Lawyers at Deans
& Lyons LLP are investigating the board of Power-One
(NASDAQ: PWER) for potential violations of shareholder protection
laws involving the sale of the company to ABB for $6.35 per share in cash. Concerned PWER
stockholders who seek more money and information in this buyout
should contact securities lawyer Hamilton Lindley at 877-819-8033
or hlindley@deanslyons.com about potential investor claims.
"Because Power-One's revenue has grown 300% in the last few
years, has no debt and $266 million
in cash, this proposed buyout appears unfair to PWER shareholders,"
said shareholder rights attorney Hamilton Lindley. "Additionally,
the deal has certain preclusive deal protection devices like
matching rights for ABB and a breakup fee of $20 million."
The securities lawyers of Deans & Lyons have significant
experience representing investors nationwide in representative
actions involving unfair mergers at no cost to its clients.
Stockholders with concerns about this buyout or anyone with
information about this deal should contact Hamilton Lindley at
hlindley@deanslyons.com or 877-819-8033.
Hamilton Lindley
Deans & Lyons LLP
325 N. Saint Paul Street, Suite
1500
Dallas, TX 75201
(877) 819-8033 Toll Free
(214) 965-8500 Telephone
(214) 965-8505 Facsimile
hlindley@deanslyons.com
deanslyons.com
SOURCE Deans & Lyons LLP
Copyright 2013 PR Newswire
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