Rigrodsky & Long, P.A. Investigates Angelo, Gordon & Co., LP's Proposal to Buyout Remainder of C&D Technologies, Inc. It Does Not Already Own

  • Do you own C&D Technologies, Inc. common stock?
  • Did you purchase your shares prior to June 16, 2011?
  • Do you feel Angelo, Gordon & CO, LP's proposal to buyout the rest of the Company it doesn't already own is unfair?
  • 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.

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R & L is national law firm with decades of combined legal experience. Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of C&D Technologies, Inc.  concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from affiliates of Angelo, Gordon & Co., LP, to acquire the remainder of the Company it does already own for $9.50 per share in cash.

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Rigrodsky & Long, P.A. Investigates Angelo, Gordon & Co., LP's Proposal to Buyout Remainder of C&D Technologies, Inc. It Does Not Already Own

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of C&D Technologies, Inc. (“C&D Technologies” or the “Company”) (OTC: CHHP.ob) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from affiliates of Angelo, Gordon & Co., LP (“Angelo Gordon”), to acquire the remainder of the Company it does already own for $9.50 per share in cash (the “Proposal”).

The investigation concerns whether C&D Technologies’ board of directors is adequately shopping the Company and working to obtain the best price possible for C&D Technologies’ shareholders. 

The Proposal contemplates Angelo Gordon’s acquisition of all of the outstanding shares of common stock of C&D Technologies it does not already own for $9.50 per share in cash.  Angelo Gordon already owns approximately 65% of the Company’s outstanding common stock.

If you own the common stock of C&D Technologies and purchased your shares before June 16, 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 19801or by telephone at (888) 969-4242.

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.

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

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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