Law Office of Brodsky & Smith, LLC Announces Investigation of C&D Technologies, Inc.
October 03 2011 - 5:40PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
C&D Technologies, Inc. (“C&D” or the “Company”) (OTC: CHHP)
relating to the proposed acquisition by an affiliate of Angelo,
Gordon & Co.
Under the terms of the offer C&D shareholders would receive
$9.75 in cash for each share of C&D stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of C&D
for not acting in the Company’s shareholders’ best interests in
connection with the sale process. The transaction may undervalue
the Company as C&D stock traded at $9.80 as recently as January
18, 2011 and traded at $12.95 on October 4, 2010.
If you own shares of C&D 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/334-chhp.ob-cd-technologies-inc.html, or
by calling toll free 877-LEGAL-90.