Press release from Business Wire
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Power-One, Inc. in Connection with the Sale of the Company to ABB
Tuesday, April 23, 2013
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Power-One, Inc. in Connection with the Sale of the Company to ABB07:12 EDT Tuesday, April 23, 2013
NEW YORK (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of Power-One, Inc. (“Power-One” or the “Company”) (NasdaqGS: PWER) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to ABB.
Click here to learn more about the investigation http://zlk.9nl.com/powerone-pwer/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Power-One shareholders will receive $6.35 for each share of Power-One stock they own. The transaction has a total approximate value of $1 billion. The investigation concerns whether the Power-One Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether ABB is underpaying for Power-One stock, thus unlawfully harming Power-One stockholders.
If you own common stock in Power-One and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/powerone-pwer/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171