C&D Technologies, Inc. Merger Litigation (OTC: CHHP.ob)
Law Office of Brodsky & Smith, LLC Announces Investigation of C&D Technologies, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of C&D Technologies, Inc. (“C&D” or the “Company”) (OTC: CHHP.ob - News) relating to the proposed acquisition by an affiliate of Angelo, Gordon & Co.
Under the terms of the offer C&D shareholders would receive $9.75 cash for each share C&D stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of C&D for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as C&D stock traded at $9.80 as recently as January 18, 2011 and traded at $12.95 on October 4, 2010.
If you own shares of C&D 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, or by calling toll free 877-LEGAL-90.
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