(NASDAQ CM: SEV)
Attention investors who purchased shares of Sevcon, Inc. before July 17, 2017:
Rigrodsky & Long is investigating potential claims against the board of directors of Sevcon, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by BorgWarner Inc. for $22.00 per share, or approximately $200 million.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Sevcon, Inc. (“Sevcon” or the “Company”) (NASDAQ CM: SEV) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by BorgWarner Inc. (“BorgWarner”) (NYSE: BWA) in a transaction valued at approximately $200 million. Under the terms of the agreement, shareholders of Sevcon will receive $22.00 in cash for each share of Sevcon common stock.
If you own common stock of Sevcon and purchased any shares before July 17, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at email@example.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
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