EQUITY ALERT: The Rosen Law Firm Announces Investigation of PMFG, Inc. Concerning its Proposed Sale to CECO Environmental Corp.
05 Maio 2015 - 6:51PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of PMFG, Inc.
(NASDAQ:PMFG) for possible breaches of fiduciary duty and other
violations of law by failing to adequately shop PMFG to maximize
shareholder value before agreeing to be acquired by CECO
Environmental Corp (NASDAQ:CECE).
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-598.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders can
elect to receive either $6.85 in cash or shares of CECO common
stock for each share of PMFG common stock they own. The proposed
transaction is valued at approximately $130 million. The
investigation relates to whether the proposal is fair to the public
shareholders of PMFG and whether PMFG’s Board breached its
fiduciary duties in connection with the proposed sale.
If you currently own shares of PMFG and wish to obtain
additional information, please visit the firm’s website at
http://rosenlegal.com/cases-598.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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