Law Office of Brodsky & Smith, LLC Announces Investigation of Hawk Corporation
October 18 2010 - 4:40PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Hawk Corporation (“Hawk”) or the “Company”) (AMEX: HWK) relating to
the proposed acquisition by Carlisle Companies Incorporated
(‘Carlisle”).
Under the terms of the offer, Hawk shareholders would receive
cash of $50.00 for each share of Hawk stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law. The transaction appears to be
unfair, in part, given that the offer represents no premium over
the $50.01 a share Hawk stock traded at as recently as October 15,
2010. Thus, shareholders need additional information to know if the
Board of Directors breached their fiduciary duties by failing to
adequately shop the Company, which has resulted in Carlisle
underpaying for the company.
If you own shares of Hawk 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/238-hwk-hawk-corporation.html or by
calling toll free 877-LEGAL-90.
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