Do you own shares of Coleman Cable, Inc. (NASDAQ GM: CCIX)?
Did you purchase any of your shares prior to December 20, 2013?
Do you think the proposed buyout price is too low?
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Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Coleman Cable, Inc. (“Coleman Cable” or the “Company”) (NASDAQ GM: CCIX) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Southwire Company (“Southwire”), in a transaction valued at approximately $786 million. Click here to learn more: http://www.rigrodskylong.com/investigations/coleman-cable-inc-ccix. Under the terms of the agreement, public shareholders of Coleman Cable will receive $26.25 per share in cash for each share of Coleman Cable they own. The investigation concerns whether Coleman Cable’s board of directors failed to adequately shop the Company and obtain the best possible value for Coleman Cable’s shareholders before entering into an agreement with Southwire. According to Yahoo! Finance, at least one analyst has issued a price target for Coleman Cable stock at $28.00 per share. If you own the common stock of Coleman Cable and purchased your shares before December 20, 2013, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/coleman-cable-inc-ccix. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
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.