Science & Technology
Tue, May 3, 2011Mon, May 2, 2011Fri, April 29, 2011Thu, April 28, 2011Wed, April 27, 2011The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of SMART Modula
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Published in Science and Technology on Thursday, April 28th 2011 at 14:16 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of SMART Modular Technologies (WWH), Inc. (Nasdaq: SMOD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Silver Lake Partners and Silver Lake Sumeru. Under the terms of the proposed transaction, SMART shareholders will receive $9.25 in cash per share for a total transaction value of approximately $645 million.
The investigation concerns whether the SMART Board of Directors breached their fiduciary duties to SMART stockholders by failing to adequately shop the Company before entering into this transaction and whether Silver Lake is underpaying for SMART shares. According to Yahoo! Finance, at least one analyst set a price target for SMART stock at $11.00 per share.
If you own common stock in SMART and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/smart-modular.html ].
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.