The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of SMART Modu...
28 Abril 2011 - 6:11PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of SMART Modular Technologies (WWH), Inc. (Nasdaq: SMOD)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Silver Lake
Partners and Silver Lake Sumeru. Under the terms of the proposed
transaction, SMART shareholders will receive $9.25 in cash per
share for a total transaction value of approximately $645
million.
The investigation concerns whether the SMART Board of Directors
breached their fiduciary duties to SMART stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Silver Lake is underpaying for SMART shares. According
to Yahoo! Finance, at least one analyst set a price target for
SMART stock at $11.00 per share.
If you own common stock in SMART and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/smart-modular.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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