Servidyne, Inc. Merger Litigation (Nasdaq: SERV)
Law Office of Brodsky & Smith, LLC Announces Investigation of Servidyne, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Servidyne, Inc. (“Servidyne” or the “Company”) (Nasdaq – SERV - News) relating to the proposed acquisition by Scientific Conservation, Inc.
Under the terms of the transaction, Servidyne shareholders would receive $3.50 a share in an all cash transaction. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Servidyne by not acting in Servidyne shareholders' best interests in connection with the sale process to Scientific Conservation. The transaction may undervalue Servidyne based on the fact that Servidyne reported a book value of $3.59 per share in their most recent financial quarter.
If you own shares of Servidyne stock and wish to discuss the legal ramifications of the proposed transaction, 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, visiting http://brodsky-smith.com/306-serv-servidyne-inc.html, or by calling toll free 877-LEGAL-90.
To Join the Servidyne, Inc. Litigation
Fill out this form
The complaint is unavailable at this time