WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of PMFG, Inc. (NASDAQ GS: PMFG)?
- Did you purchase any of your shares prior to May 4, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of PMFG, Inc. (“PMFG” or the “Company”) (NASDAQ GS:PMFG) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by CECO Environmental Corp. (“CECO”) (NASDAQ GS:CECE), in a transaction valued at approximately $130 million.
Click here to learn more: http://rigrodskylong.com/investigations/pmfg-inc-pmfg.
Under the terms of the agreement, shareholders of PMFG may elect to exchange each share of PMFG common stock for either $6.85 in cash or shares of CECO common stock.
The investigation concerns whether PMFG’s board of directors failed to adequately shop the Company and obtain the best possible value for PMFG’s shareholders before entering into an agreement with CECO.
If you own the common stock of PMFG and purchased your shares before May 4, 2015, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/pmfg-inc-pmfg.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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