Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Magnetek Inc (NASDAQ: MAG) acted responsibly on behalf of investors’ profitability in the planned $ 188.9 million sale to Columbus McKinnon Corporation (NASDAQ: CMCO). 

On July 27, 2015, Magnetek Inc (NASDAQ: MAG) and Columbus McKinnon Corporation (NASDAQ: CMCO) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Columbus McKinnon will offer Magnetek shareholders $50.00 per share in cash for all outstanding shares.     

Based in Menomonee Falls, WI, and founded in 1984 Magnetek Inc is a developer, manufacturer and marketer of digital power and motion control systems for material handling, people-moving and mining applications. Magnetek’s customer-base is rooted in industries such as aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, and heavy movable structures.

The investigation focuses on whether NASDAQ: MAG investors received the highest price and whether the directors of Magnetek Inc acted in the best interest of Magnetek Inc company and its shareholders.    

If you purchased Magnetek Inc (NASDAQ: MAG) prior to July 27, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324. 

Thieler Law Corp

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