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Harwood Feffer LLP Announces Investigation of C&D Technologies, Inc.

  //science-technology.news-articles.net/content/2 .. unces-investigation-of-c-d-technologies-inc.html
  Published in Science and Technology on Tuesday, June 21st 2011 at 8:30 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of C&D Technologies, Inc. (aC&Da) (OTC: CHHP) concerning the proposed acquisition by Angelo, Gordon & Co., LP (aAngelo Gordona) for all of the outstanding shares of common stock of C&D that are not currently owned by Angelo Gordon for $9.50 per share in cash.

Angelo Gordon currently owns approximately 65% of C&Da™s outstanding common shares. No definitive agreement has yet been entered into, and no special committee has been appointed to consider the proposal. Instead, C&D stated that it expects that C&Da™s board of directors will appoint a special committee of independent directors to consider its proposal and make a recommendation to the C&Da™s board of directors.

Our investigation concerns whether the board of directors has undertaken a fair process to obtain fair consideration for all shareholders of C&D.

If you own shares of C&D and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Robert I. Harwood, Esq. at [ rharwood@hfesq.com ] or James G. Flynn, Esq. at [ jflynn@hfesq.com ]. You may also call them at (877) 935-7400. For more information about class actions, or to sign up online, please visit our website: [ www.hfesq.com ].

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.