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Press release from PR Newswire

Power-One Shareholders Seeking More Money in Buyout to ABB Encouraged to Contact Deans & Lyons LLP Investor Rights Lawyers

Monday, April 29, 2013

Power-One Shareholders Seeking More Money in Buyout to ABB Encouraged to Contact Deans & Lyons LLP Investor Rights Lawyers

17:24 EDT Monday, April 29, 2013

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

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