STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, announces that it is investigating potential legal claims against the board of directors of SL Industries, Inc. (“SL Industries” or “the Company”) (NYSE MKT: SLI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Handy & Harman Ltd.
Under the terms of the transaction, SL Industries shareholders will receive $40.00 in cash for each share of SL Industries stock they own. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.
If you currently own the Company’s common stock and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.