Press release from Business Wire
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Power-One, Inc. Shareholders
Tuesday, April 23, 2013
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Power-One, Inc. Shareholders18:12 EDT Tuesday, April 23, 2013
NEW YORK (Business Wire) -- Kirby McInerney LLP is investigating potential claims against the Board of Directors of Power-One, Inc. (“Power-One” or the “Company”) (NASDAQ: PWER) related to the proposed acquisition of the Company by ABB Ltd. (“ABB”). Under the terms of the proposal, ABB will acquire all of the outstanding common stock of Power-One for $6.35 per share in cash, for a total transaction value of approximately $1 billion, which includes Power-One's net cash holdings of $266 million.
The investigation concerns whether the Power-One Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $6.35 per share consideration adequately values Power-One common shares.
If you are a Power-One shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
Kirby McInerney LLP
J. Brandon Walker, Esq.
212-699-1145 or 888-529-4787