Ryan & Maniskas, LLP (
) is investigating potential claims against the board of directors of Southwall Technologies, Inc. ("Southwall" or the "Company") (NASDAQ: SWTX) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Southwall to Solutia Inc. in a transaction valued at approximately $113 million.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Southwall. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
Under the proposed agreement, Solutia, Inc. will commence a tender offer for all of the outstanding shares of Southwall common stock no later than October 25, 2011. Southwall shareholders will receive $13.60 per share in cash for all outstanding shares of Southwall common stock tendered in the offer.
If you own shares of Southwall and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit:
. You may also email Mr. Maniskas at
. For more information about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.