WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (“Board”) of WSI Industries, Inc. (“WSI Industries” or the “Company”) (NASDAQ CM: WSCI) related to the Company’s entry into an agreement to be acquired by Polaris Industries Inc. (“Polaris”) (NYSE: PII) in a transaction announced on September 6, 2018 (the “Proposed Transaction”).
On September 5, 2018, the Board caused WSI Industries to enter into an agreement and plan of merger (the “Merger Agreement”) with Polaris. Pursuant to the terms of the agreement, shareholders of WSI Industries will receive $7.00 in cash for each share of WSI Industries common stock.
On October 2, 2018, WSI Industries filed a definitive proxy statement (“Proxy Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which recommends that WSI Industries’ shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Proxy Statement, including whether the Proxy Statement omits material information with respect to the Proposed Transaction.
If you own common stock of WSI Industries and purchased any shares before September 6, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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