Morgan & Morgan Announces the Investigation of Magnetek, Inc. - MAG

Aug 04, 2015, 16:17 ET from Morgan & Morgan

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 info@morgansecuritieslaw.com.

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.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms.  In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

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Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY  10036
1-800-732-5200
info@morgansecuritieslaw.com

 

 

SOURCE Morgan & Morgan



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