NEW YORK, Jan. 11, 2012 /PRNewswire/ -- Bull &
Lifshitz, LLP announces an investigation into possible breaches of
fiduciary duty in connection with the proposed sale of Baldwin
Technology Company, Inc. (NYSE AMEX: BLD) (referred to as "Baldwin"
or the "Company") to Forsyth
Baldwin, LLC, a company controlled by Forsyth Capital
Investors, LLC ("Forsyth"), in a cash transaction.
Under the terms of the agreement, Baldwin's stockholders will
receive $0.96 in cash for each share
of Baldwin Class A or Class B Common Stock, subject to adjustment
at closing based on certain criteria, including the extent that the
difference between Baldwin's aggregate cash balances and the
balance of aged accounts payable is less than $1,800,000, provided that such adjustments cannot
reduce the per share consideration below $0.90.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company's
shareholders.
If you are a holder of Baldwin common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Baldwin and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should
make reference to Baldwin.
Bull & Lifshitz, LLP is a New York
City-based law firm with significant experience representing
investors in merger-related shareholder class actions, shareholder
derivative actions, and securities fraud class actions. For
more information about the firm, please visit our website at
www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz,
LLP. The law firm responsible for this advertisement is Bull
& Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Bull & Lifshitz, LLP
Phone: 212-213-6222
Fax: 212-213-9405
Email: counsel@nyclasslaw.com
SOURCE Bull & Lifshitz, LLP
