Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of SL Industries Inc (NYSE: SLI) acted responsibly on behalf of investors’ profitability in the planned sale to Handy & Harman Ltd (NASDAQ: HNH).
On April 7, 2016, SL Industries Inc (NYSE: SLI) and Handy & Harman Ltd (NASDAQ: HNH) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Handy & Harman will offer SL Industries shareholders $40.00 per share in cash for all outstanding shares.
Based in Mount Laurel, New Jersey, and founded in 1956 SL Industries Inc is engaged in designing, manufacturing, and marketing power electronics, motion control, power protection, power quality electromagnetic equipment, and custom gears and gearboxes.
The investigation focuses on whether NYSE: SLI investors received the highest price and whether the directors of SL Industries Inc acted in the best interest of SL Industries Inc company and its shareholders.
If you purchased SL Industries Inc (NYSE: SLI) prior to April 7, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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