Law Office of Brodsky & Smith, LLC Announces Investigation of Met-Pro Corporation
30 Abril 2013 - 11:17AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Met-Pro Corporation (“Met-Pro” or the “Company”) (NYSE: MPR)
relating to the proposed acquisition by CECO Environmental
Corporation. (“CECO”).
Under the terms of the transaction, Met-Pro shareholders will
receive only $7.25 in cash and $6.50 in stock for each share of
Met-Pro stock they own. Met-Pro shareholders can choose to receive
either $13.75 in cash or an equivalent value of CECO shares. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Met-Pro
for not acting in the Company’s shareholders' best interests in
connection with the sale process.
The transaction may undervalue the Company. For example, Met-Pro
recently announced that the Company’s Environmental Air Solutions
business unit has received an order in excess of $500,000 to supply
an air pollution control system to a global developer and supplier
of specialty industrial chemicals. The Company explained that the
order demonstrates Met-Pro’s unique ability to combine products
from their various business units into a single source total
solution to complex air emissions problems.
If you own shares of Met-Pro stock and wish to discuss the legal
ramifications of the proposed transaction, 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
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/574-mpr-met-pro-corporation.html, by
calling toll free 877-LEGAL-90.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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