Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of SMART Modular Technolog...
27 4월 2011 - 1:47AM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of SMART Modular Technologies (WWH), Inc.
("SMART" or the "Company") (Nasdaq:SMOD) for possible breaches of
fiduciary duty and other violations of state law in connection with
their attempt to complete a sale of the Company to Silver Lake
Partners and Silver Lake Sumeru. Under the terms of the proposed
transaction, SMART shareholders are to receive $9.25 in cash for
each share they own, for a total transaction value of about $645
million.
The investigation involves whether the Board of Directors of
SMART breached their fiduciary duties to SMART stockholders by
failing to adequately shop the Company before agreeing to enter
into the transaction and whether SMART has disclosed all material
information to shareholders about the proposed transaction. Of
particular interest, SMART shares have increased over 42% just this
year, from $5.76 on December 31, 2010 to $8.18 on April 25, 2011,
and according to Yahoo Finance, at least one analyst has set a
price target of $11.00 per share for SMART stock. Further, Ajay
Shah, a Director and the Chairman of the Board of SMART, is also
the founder and Managing Director of the Silver Lake Sumeru
Fund.
If you own stock in SMART and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Smart Modular (NASDAQ:SMOD)
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부터 11월(11) 2024 으로 12월(12) 2024
Smart Modular (NASDAQ:SMOD)
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부터 12월(12) 2023 으로 12월(12) 2024
Smart Modular Technologies (Wwh), Inc. (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
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