Rigrodsky & Long, P.A. Announces Investigation Of Power-One, Inc. Buyout
WILMINGTON, Del. -- April 26, 2013
Rigrodsky & Long, P.A.:
*Do you own shares of Power-One, Inc. (NASDAQ GS: PWER)?
*Did you purchase any of your shares prior to April 22, 2013?
*Do you think the proposed buyout price is too low?
*Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Power-One, Inc. (“Power-One” or the
“Company”) (NASDAQ GS: PWER) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an agreement
to be acquired by ABB Ltd (“ABB”) (NYSE: ABB) in a transaction valued at
approximately $1 billion.
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Under the terms of the agreement, public shareholders of Power-One will
receive $6.35 per share in cash for each share of Power-One they own.
The investigation concerns whether Power-One’s board of directors failed to
adequately shop the Company and obtain the best possible value for Power-One’s
shareholders before entering into an agreement with ABB.
If you own the common stock of Power-One and purchased your shares before
April 22, 2013, if you have information or would like to learn more about
these claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth Rigrodsky or Brian Long at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone
at (302) 295-5310, or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888)
969-4242; by e-mail to email@example.com, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Brian D. Long
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