SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of PMFG, Inc.
08 Mayo 2015 - 8:45PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
PMFG, Inc. ("PMFG” or "the Company") (Nasdaq:PMFG) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to CECO Environmental Corp.
(“CECO”).
Click here to learn more about the investigation
http://brodsky-smith.com/929-pmfg-pmfg-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, PMFG shareholders will
receive only either cash or CECO stock equal to $6.85 for each
share of PMFG stock they own. The investigation concerns whether
the Board of PMFG breached their fiduciary duties to shareholders
by failing to adequately shop the Company before agreeing to enter
into this transaction, and whether CECO is underpaying for PMFG.
The transaction may both undervalue PMFG and would result in a
substantial loss for many long term holders of PMFG stock. For
example, on December 30, 2013 PMFG stock traded at $9.13 per share
and an analyst has set a $9.50 per share price target on PMFG
stock.
If you own shares of PMFG and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/929-pmfg-pmfg-inc.html, or calling toll
free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90
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