Law Office of Brodsky & Smith, LLC Announces Investigation of Pinnacle Data Systems, Inc.
November 11 2011 - 11:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Pinnacle Data Systems, Inc. (“Pinnacle” or the “Company”) (AMEX:
PNS) relating to the proposed acquisition by Avnet, Inc. The
proposed deal has an equity value of approximately $22 million.
Under the terms of the proposed transaction Pinnacle
shareholders would receive $2.40 in cash for each share of Pinnacle
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Pinnacle for not acting in the Company’s shareholders'
best interests in connection with the sale process.
If you own shares of Pinnacle 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/359-pns-pinnacle-data-systems-inc.html ,
or by calling toll free 877-LEGAL-90.
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