Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Hawk Corp. - HWK
18 Outubro 2010 - 1:44PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Hawk Corp. (“Hawk” or the “Company”) (AMEX: HWK) for
potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Carlisle Companies
Inc. (NYSE: CSL). The proposed transaction offers Hawk shareholders
to only receive $50.00 in cash for each share they own. Mr. Ronald
Weinberg, Hawk's chairman and CEO, along with directors Messrs.
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. The
transaction is structured as a tender offer, which may avoid the
need for a shareholder vote, and it is valued at approximately $413
million.
Request more information now by clicking here:
www.faruqilaw.com/hwk
Whether the Hawk’s Board of Directors breached their fiduciary
duties to Hawk’s stockholders by failing to conduct an adequate and
fair sales process to sell the Company prior to agreeing to this
proposed transaction, whether the proposed transaction undervalues
Hawk’s shares and by how much this proposed transaction undervalues
the Company to the detriment of Hawk shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Hawk and wish to obtain additional
information, please visit us at www.faruqilaw.com/hwk or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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