Levi & Korsinsky is investigating the Board of Directors of Coleman Cable, Inc. (“CCIX” or “the Company”) (NasdaqGM:CCIX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Southwire Company (NYSE:ESS). Click here to learn more about the action http://zlk.9nl.com/coleman-cable-ccix/, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of transaction, CCIX shareholders will receive $26.25 in cash for each share of CCIX stock they own. The investigation concerns whether the CCIX Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Southwire Company is underpaying for CCIX shares. Certain stockholders—including trusts for the benefit of the co-chairmen of the Board of Directors—have agreed to tender their shares. If you own CCIX common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/coleman-cable-ccix/. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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.