Press release from Business Wire
Power-One Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to ABB
Monday, April 22, 2013
Power-One Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to ABB09:27 EDT Monday, April 22, 2013
DALLAS (Business Wire) -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Power-One, Inc. (“Power-One”) (NasdaqGS: PWER) to ABB for shareholders. Under the terms of the proposed deal valued at approximately $1 billion, Power-One shareholders will receive $6.35 in cash for each share of Power-One stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The Power-One sale investigation centers on whether Power-One's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues Power-One's stock, and whether Power-One's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Patrick Powers, “due to the size of the deal, the lack of a significant premium and other factors, we believe this transaction may undervalue Power-One's stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zach Groover, 877-728-9607