Law Office Of Brodsky & Smith, LLC Announces Investigation Of Comverge, Inc.
BALA CYNWYD, Pa., March 26, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Comverge, Inc. ("Comverge" or the "Company") (Nasdaq: COMV) relating to the proposed acquisition H.I.G. Capital ("H.I.G.").
Under the terms of the transaction, Comverge shareholders would receive only $1.75 in cash for each share of Comverge stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Comverge for not acting in the Company's shareholders' best interests in connection with the sale process to H.I.G. The transaction may undervalue Comverge as Comverge stock traded at $7.58 on January 5, 2011 and at $1.88 as recently as March 23, 2012. In addition, an analyst has set a price target on Comverge stock at $8.65 per share.
If you own shares of Comverge stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/401-comv-comverge-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Law office of Brodsky & Smith, LLC
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV