The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
15 Outubro 2010 - 2:25PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Hawk Corporation (“Hawk” or the “Company”) (AMEX:HWK) for possible
breaches of fiduciary duty and other violations of state law in
connection with their attempt to sell the Company to Carlisle
Companies, Inc. (“Carlisle”) (NYSE:CSL). Under the terms of the
transaction, Hawk will be acquired by Carlisle with Hawk
shareholders receiving $50.00 per share in cash which an enterprise
value of approximately $410 million. Ronald Weinberg, Hawk's
chairman and CEO, along with directors Norman Harbert and Byron
Krantz, who collectively hold approximately 34% of Hawk's
outstanding common stock, have entered into agreements with
Carlisle to tender their shares.
Click here to learn how to join the action:
http://www.zlk.com/hawk-hwk.html, or call: 877-363-5972.
The transaction is expected to be accretive to Carlisle in the
first year. The investigation concerns whether the Hawk Board of
Directors breached their fiduciary duties to Hawk stockholders by
failing to adequately shop the Company before entering into this
transaction and whether Carlisle is underpaying for Hawk shares,
thus unlawfully harming Hawk stockholders.
If you own common stock in Hawk and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://www.zlk.com/hawk-hwk.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions.
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