BALA CYNWYD, PA / ACCESSWIRE / November 12, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors Black Box Corporation ("Black Box" or "the Company") (Nasdaq - BBOX-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to a subsidiary of AGC Networks Ltd., AGC Networks Pte. Ltd. ("AGC").
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Under the terms of the transaction, Black Box shareholders will receive only $1.08 in cash for each share of Black Box stock they own. The investigation concerns whether the Board of Black Box breached their fiduciary duties to shareholders and whether AGC is underpaying for the Company. The transaction may undervalue the Company and may not be in the Black Box shareholders best interests. For example, the transaction would result in a substantial loss for many long-term holders of Black Box stock, which has traded at $29.80 per share. In addition, an analyst has set a $7.00 price target for the stock.
If you own shares of Black Box stock and wish to discuss the legal ramifications ofthe investigation, 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 510, Bala Cynwyd, PA19004, by visiting http://www.brodskysmith.com/cases/black-box-corporation-nasdaq-bbox/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC