Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Bell Microproducts Inc.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Bell Microproducts Inc. (“Bell” or the “Company”) (NASDAQ:BELM) related to the Company’s agreement to be acquired by Avnet, Inc. (“Avnet”). The proposed, all-cash transaction is valued at approximately $594 million, including assumed debt.
Under the terms of the definitive agreement entered into by the parties, Bell shareholders will receive $7.00 cash for each share of Bell common stock they own. Upon completion of the merger, Bell will become a wholly owned subsidiary of Avnet. The transaction is expected to close in 60 to 120 days. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Bell’s board of directors.
If you own shares of Bell Microproducts Inc., 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website athttp://www.howardsmithlaw.com.