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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of DEI Holdings, Inc., in Connection with the
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of DEI Holdings, Inc. (aDEI Holdingsa or the aCompanya) (Pink Sheets: DEIX) related to the Companya™s agreement to be acquired by Charlesbank Capital Partners. The proposed going-private transaction is valued at approximately $285 million, including assumed debt.
Under the terms of the merger agreement entered into by the parties, DEI Holdings shareholders will receive approximately $3.79 to $3.81 in cash, for each share they own of the Companya™s common stock. The transaction is expected to be completed in late June 2011. The proposed transaction was unanimously approved by the Companya™s board of directors. Funds affiliated with Trivest Partners, which own approximately 9.2 million DEI Holdings common shares a" representing approximately 36% of total shares outstanding a" have agreed to vote those shares for approval of the merger. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by DEI Holdingsa™ board of directors
If you are a shareholder of DEI Holdings, 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 [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].