Coleman Cable Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Acquisition by Southwire
20 Diciembre 2013 - 10:25AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Coleman Cable, Inc. (Nasdaq: CCIX) related to the
acquisition by Southwire Company for shareholders. Under the terms
of the definitive agreement valued at approximately $786 million,
including the assumption of debt, Coleman Cable shareholders will
only receive $26.25 in cash for each share of CCIX stock owned,
well below at least one analyst’s estimated value of $28 per
share.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor
LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The Coleman Cable investigation centers on whether Coleman
Cable’s Board of Directors is acting in the shareholders’ best
interests, whether the board is properly considering the proposed
price for the shareholders, and whether the board has employed an
adequate process to review and act on the proposed transaction.
Notably, at least one analyst with Yahoo! Finance has estimated
that the true inherent value of Coleman Cable may be as high as $28
per share.
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, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPZach
Groover, 877-728-9607shareholder@powerstaylor.com
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