SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Mul...
24 5월 2013 - 8:12PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Multiband Corporation (“Multiband” or the “Company”) (Nasdaq: MBND)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Goodman
Networks.
Click here to learn more about the investigation
http://zlk.9nl.com/multiband-mbnd/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Multiband shareholders will
receive $3.25 for each share of Multiband stock they own. The
transaction has a total approximate value of $116 million,
including the assumption of debt. The investigation concerns
whether the Multiband Board of Directors breached their fiduciary
duties to stockholders by failing to adequately shop the Company
before agreeing to enter into the transaction, whether Goodman
Networks is underpaying for Multiband stock, thus unlawfully
harming Multiband shareholders. In particular, at least one analyst
set a price target for Multiband stock at $4.00 per share.
If you own common stock in Multiband and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/multiband-mbnd/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Multiband Corp. (MM) (NASDAQ:MBND)
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