Ryan & Maniskas, LLP Announces Investigation of Baldwin Technology Company, Inc.
December 28 2011 - 11:28AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/bld) is
investigating potential claims against the board of directors of
Baldwin Technology Company, Inc. ("Baldwin" or the "Company")
(AMEX: BLD) concerning possible breaches of fiduciary duty and
other violations of law related to the Company’s efforts to sell
Baldwin to Forsyth Baldwin , LLC.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Baldwin. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/bld.
Under the terms of the definitive agreement, Baldwin
shareholders will receive $0.96 in cash for each share of Baldwin
Class A or Class B Common Stock, subject to adjustment at closing
based on certain criteria, including the extent that the difference
between Baldwin's aggregate cash balances and the balance of aged
accounts payable is less than $1,800,000 , provided that such
adjustments cannot reduce the per share consideration below
$0.90.
If you own shares of Baldwin and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/bld. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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