Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Hawk Corp. in Connection with the Propose...
15 Outubro 2010 - 9:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Hawk Corporation (“Hawk” or the “Company”) (AMEX:HWK) related to
the Company’s agreement to be acquired by Carlisle Companies
Incorporated (“Carlisle Companies”). The proposed all-cash
transaction is valued at approximately $413 million.
Under the terms of the definitive agreement entered into by the
parties, Carlisle Companies will acquire all of the outstanding
shares of Hawk for $50.00 per share in cash. The transaction is
structured as a cash tender offer to be followed as soon as
possible by a merger. The tender offer is expected to commence in
October and be completed by year-end 2010. Hawk’s CEO/Chairman and
certain of its directors, who collectively hold approximately 34%
of the Company’s outstanding common stock, have entered into
agreements with Carlisle Companies to tender their shares in the
offer. If the transaction is completed, Hawk will become part of
Carlisle Industrial Brake & Friction. The investigation
concerns possible breaches of fiduciary duty and other violations
of law related to approval of the proposed transaction by Hawk’s
board of directors.
If you are a shareholder of Hawk, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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