Southwall Technologies, Inc. Merger Litigation (Nasdaq: SWTX)
Law Office of Brodsky & Smith, LLC Announces Investigation of Southwall 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 Southwall Technologies, Inc. (“Southwall” or the “Company”) (Nasdaq – SWTX- News) relating to the proposed acquisition by Solutia Inc.
Under the terms of the proposed transaction Southwall shareholders would receive $13.60 in cash for each share of Southwall stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Southwall for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as Southwall stock traded at $13.97 as recently as August 1, 2011, and traded at $13.45 on April 12, 2011.
If you own shares of Southwall 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 investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
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