Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Avocent Corp.

• Press Release
• Source: Law Offices of Howard G. Smith
• On 6:00 pm EDT, Tuesday October 6, 2009

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Avocent Corp. (“Avocent” or the “Company”) (NASDAQ: AVCT - News), related to the Company’s agreement to be acquired by Emerson Electric Co. in a cash transaction valued at approximately $1.2 billion.

Related Quotes

Symbol	Price	Change
AVCT	24.96	0.00

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Under the terms of the definitive agreement entered into by the parties, Avocent shareholders will receive $25.00 each share that they own. Pursuant to this proposed acquisition, Emerson may be underpaying for Avocent, thus unlawfully harming Avocent shareholders. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to approval of the acquisition by the Avocent board of directors.

If you own shares of Avocent, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com