Finkelstein Thompson LLP Announces Investigation of Hawk Corp.
18 Outubro 2010 - 8:20PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Hawk Corp. (“Hawk” or the “Company”)
(AMEX: HWK) concerning the sale of the Company to Carlisle
Companies Inc. for $50.00 in cash for each share of common stock
owned in a transaction valued at approximately $413 million. The
transaction is expected to close by the end 2010.
The investigation is focused on the potential unfairness of the
consideration to Hawk shareholders, the process by which the Board
of Directors considered the transaction, and potential conflicts of
interests among Hawk Board members. Shares of the Company’s stock
closed at $49.01 on October 14, the day prior to the announcement
of the merger, and traded at $49.99 on October 12. Moreover, on
September 22, the Company increased its guidance for 2010 full year
net sales to a range of between $241.0 million and $246.0 million,
representing an increase of between 39.8% and 42.7% over 2009 net
sales.
If you are interested in discussing your rights as a Hawk
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
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