Law Office of Brodsky & Smith, LLC Announces Investigation on Behalf of Shareholders Avocent Corp.

• Press Release
• Source: Brodsky & Smith, LLC
• On 8:34 pm EDT, Tuesday October 13, 2009

BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Avocent Corp. (“Avocent” or the “Company”) (Nasdaq: AVCT - News) relating to the proposed acquisition Emerson Electric Co.. (“Emerson”). Emerson has agreed to acquire Avocent in an all-cash deal valued at approximately $1.2 billion.

Related Quotes

Symbol	Price	Change
AVCT	24.97	+0.01

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Under the proposed agreement, Avocent shareholders will receive $25.00 for every share of Avocent common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Avocent board’s approval of the proposed merger. The proposed agreement gives Emerson five business days to make a counter-proposal if the Avocent board receives a superior proposal. It also contains a $35 million termination fee that may prevent any other superior bids.

If you own shares of Avocent and wish to discuss the legal ramifications of the proposed acquisition by Emerson, 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 clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
clients@brodsky-smith.com