SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Nortek, Inc.
July 15 2016 - 7:15PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Nortek, Inc. ("Nortek” or "the Company") (Nasdaq: NTK) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Melrose Industries PLC
(“Melrose”).
Click here to learn more about the investigation
http://brodsky-smith.com/1101-ntk-nortek-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Nortek shareholders will
receive only $86.00 in cash for each share of Nortek stock they
own. The investigation concerns whether the Board of Nortek
breached their fiduciary duties to shareholders and whether Melrose
is underpaying for the Company. The transaction may undervalue the
Company and would result in either a loss or no real gain for many
Nortek shareholders. For example, Nortek stock traded at $89.16 per
share on April 15, 2015 and traded at $86.78 per share on August
20, 2015.
If you own shares of Nortek stock and wish to discuss the legal
ramifications of the investigation, 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
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1101-ntk-nortek-inc.html, or calling toll
free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160715005849/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1101-ntk-nortek-inc.html
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