NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Baldor Electric Company (NYSE: BEZ) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to ABB Ltd. (NYSE: ABB). Under the terms of the deal, Baldor shareholders will receive $63.50 in cash per share for a total transaction value of approximately $4.2 billion, which includes the assumption of approximately $1.1 billion in debt.
The investigation concerns whether the Baldor Board of Directors breached their fiduciary duties to Baldor stockholders by failing to adequately shop the Company before entering into this transaction and whether ABB is underpaying for Baldor shares.
If you own common stock in Baldor and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.584.2740, or visit http://www.wongesq.com/baldor-electric-company.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.