BUYOUT OF MOLEX - LAW FIRM SEEKS HIGHER PRICE AND INFORMATION FOR SHAREHOLDERS
September 9, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Molex Inc. on behalf of shareholders. Molex Incorporated (NASDAQ: MOLX, MOLXA), announced that it has entered into a definitive agreement to be acquired by Koch Industries, Inc. Under the terms of the agreement, Koch Industries will acquire all of Molex’s outstanding shares, including the Common Stock (MOLX), the Class A Common Stock (MOLXA) and the Class B Common Stock, for $38.50 per share in cash, for a total equity value of approximately $7.2 billion.
The investigation concerns whether the senior management and other insiders of Molex received benefits that were not also provided to shareholders and whether this had an impact in not engaging in a full and fair auction to sell the company for the highest price possible. If you are a shareholder of Molex and would like additional information about this acquisition and how it affects your rights as a shareholder, at no cost or expense, please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy
i just got a copy of the merger agreement and management put in a penalty fee of $232 million! Basically, if another company wants to make a higher offer it has to pay this penalty fee first....i'm curious if management is just doing this to protect whatever sweetheart deal they negotiated for themselves