Baldwin Technology Company, Inc. Has Agreed to be Taken Private by Forsyth Baldwin, LLC

  • Do you own shares of Baldwin Technology Company, Inc. (NYSE Amex: BLD)?
  • Did you buy any shares before December 23, 2011?
  • Do you think that the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Baldwin Technology Company, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by Forsyth Baldwin, LLC for approximately $27.3 million.

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Rigrodsky & Long, P.A. Investigates Baldwin Technology Company, Inc.'s Sale to Forsyth Baldwin, LLC for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Baldwin Technology Company, Inc. (“Baldwin” or the “Company”) (NYSE Amex: BLD) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by Forsyth Baldwin, LLC (“Forsyth”) in a transaction with an approximate value of $27.3 million.

Under the proposed agreement, Baldwin’s stockholders will receive $0.96 in cash for each share of Baldwin Class A or Class B common stock they own, subject to adjustment at closing based on certain criteria, including the extent that the difference between Baldwin’s aggregate cash balances and the balance of aged accounts payable is less than $1,800,000, provided that such adjustments cannot reduce the per share consideration below $0.90.

The investigation concerns whether Baldwin’s board of directors adequately shopped the Company to obtain the best price possible for Baldwin shareholders before entering into the agreement with Forsyth.  Indeed, according to Yahoo! Finance, at least one analyst has a $1.80 per share price target for Baldwin stock.

If you own the common stock of Baldwin and purchased your shares before December 23, 2011, 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, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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