NEW YORK, Aug. 4, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential legal claims against the board of directors of Magnetek, Inc. ("Magnetek" or the "Company") (NasdaqGM: MAG) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Columbus McKinnon Corporation.
If you own shares of Magnetek and would like to learn more about the Magnetek shareholder investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email firstname.lastname@example.org.
Under the terms of the transaction, shareholders of Magnetek will receive $50.00 in cash for each share of Magnetek they own. The transaction valued at approximately $189 million.
The investigation relates to whether the proposal is fair to the public shareholders and if the Company's Board of Directors breached their fiduciary duties to shareholders.
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