BALA CYNWYD, Pa., May 4, 2015 /PRNewswire/ -- Law office of Brodsky
& Smith, LLC announces that it is investigating potential
claims against the Board of Directors of PMFG, Inc. ("PMFG" or "the
Company") (Nasdaq -PMFG-News) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to CECO Environmental Corp. ("CECO").
Click here to learn more about the investigation
http://brodsky-smith.com/929-pmfg-pmfg-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, PMFG shareholders will
receive only either cash or CECO stock equal to $6.85 for each share of PMFG stock they own. The
investigation concerns whether the Board of PMFG breached
their fiduciary duties to shareholders by failing to adequately
shop the Company before agreeing to enter into this transaction,
and whether CECO is underpaying for PMFG. The transaction may both
undervalue PMFG and would result in a substantial loss for many
long term holders of PMFG stock. For example, on December 30, 2013 PMFG stock traded at
$9.13 per share and an analyst has
set a $9.50 per share price target on
PMFG stock.
If you own shares of PMFG and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/929-pmfg-pmfg-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC