Peco II Merger Litigation (Nasdaq: PIII)
Law Office of Brodsky & Smith, LLC Announces Investigation of PECO II, Inc.
BALA CYNWYD – (BUSSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Peco II, Inc. (“Peco” or the “Company”) (Nasdaq: PIII – News) relating to the proposed acquisition Lineage Power Holding, Inc. (Lineage). Under the terms of the agreement, Peco shareholders will receive $5.86 in cash for each share of Peco common stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Peco board’s approval of the proposed merger. The transaction appears to be unfair, in part, given that Peco stock was trading at $5.92 a share as recently as January 11, 2010 and was trading at $5.15 a share on December 15, 2009.
If you own shares of Peco and wish to discuss the legal ramifications of the proposed acquisition, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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