NEW YORK, Dec. 20, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Coleman Cable, Inc. ("CCIX" or the "Company") (Nasdaq: CCIX) (ISIN: US1934593021) (CUSIP: 193459302) concerning the proposed acquisition of CCIX by Southwire Company. The investigation concerns whether the CCIX directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, CCIX shareholders will receive $26.25 in cash for each share of CCIX common stock. However, CCIX management will stay on post-merger, and at least one analyst set a target price of $28.00 per CCIX share. CCIX shareholders seeking more information about this acquisition are advised to contact Ofer Ganot at firstname.lastname@example.org or 212-661-1100, ext. 315. The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com. CONTACT: Ofer GanotPomerantz Grossman Hufford Dahlstrom & Gross LLP 212-661-1100 ext. 315 email@example.com SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
Shares of Coleman Cable (Nasdaq:CCIX) were gapping down Tuesday morning with an open price 11.6% lower than Monday's closing price. The stock closed at $12.98 yesterday and opened today's trading at $11.47.