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MURRAY FRANK 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 Wednesday, October 5th 2011 at 21:01 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--MURRAY FRANK LLP is investigating claims of breach of fiduciary duties by certain members of the board of directors of C&D Technologies, Inc. (OTC: CHHP) (aC&Da or the aCompanya) in relation to the acquisition of the Company by an affiliate of Angelo, Gordon & Co. (aAngelo Gordona).

On October 3, 2011, C&D announced the signing of a definitive merger agreement pursuant to which C&D will be acquired by an affiliate of Angelo Gordon, which already owns approximately 65% of the outstanding shares of C&Da™s common stock, in an all-cash transaction under which C&D stockholders will receive $9.75 in exchange for each share of C&D common stock owned.

The investigation seeks to determine whether certain members of the board of directors breached their fiduciary duties in connection with their efforts to sell C&D to the Angelo Gordon affiliate at an inadequate price through an unfair process which significantly undervalues the Company.

If you are a current investor in C&D, who purchased CHHP shares before October 3, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget V. Hamill at (800) 497-8076 or (212) 682-1818, or by email at [ investigations@murrayfrank.com ].