SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Nortek, Inc. Buyout
July 12 2016 - 5:18PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Nortek, Inc.
(NASDAQ GS: NTK)?
- Did you purchase any of your shares
prior to July 6, 2016?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Nortek,
Inc. (“Nortek” or the “Company”) (NASDAQ GS: NTK) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Melrose Industries PLC (“Melrose”), in a transaction valued at
approximately $2.8 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/nortek-inc-ntk.
Under the terms of the agreement, shareholders of Nortek will
receive $86.00 in cash for each share of Nortek common stock.
The investigation concerns whether Nortek’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Nortek shareholders before entering into an agreement
with Melrose.
If you own the common stock of Nortek and purchased your shares
before July 6, 2016, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Seth D.
Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter
Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888)
969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/nortek-inc-ntk.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160712006716/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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