BALA CYNWYD, Pa., March 21, 2012 - Law office of Brodsky & Smith, LLC announces that
it is investigating potential claims against the Board of Directors of
Flanders Corporation ("Flanders" or the "Company") (OTC- FLDR.PK)
relating to the proposed acquisition by Insight Equity Holdings, LLC
("Insight").
Under the terms of the transaction, Flanders shareholders would receive only $4.40
in cash for each share of Flanders stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of
state law by the Board of Directors of Flanders for not acting in the
Company's shareholders' best interests in connection with the sale
process to Insight. For example, some members of Flanders senior
management have executed agreements to vote their shares in favor of the
transaction.
If you own shares of Flanders 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 visiting http://brodsky-smith.com/399-fldr.pk-flanders-corporation.html, or by calling toll free 877-LEGAL-90.
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