SAN DIEGO, April 7, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of SL Industries, Inc. (NYSE: SLI) breached their fiduciary duties in connection with the proposed sale of the Company to Handy & Harman Ltd. (NASDAQ: HNH).
Additional Information:
SL Industries, designs, manufactures and markets power electronics, motion control, power protection, power quality electromagnetic equipment and custom gears and gearboxes.
On April 7, 2016, SL Industries announced it had signed a definitive merger agreement with Handy & Harman. Under the terms of the agreement, SL Industries stockholders will receive $40.00 a share in cash.
The investigation concerns whether the SL Industries board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for SL Industries shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. SL Industries 52 week high was $43.70.
If you are a shareholder of SL Industries and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
[email protected]
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SOURCE Johnson & Weaver, LLP
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