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Bull & Lifshitz, LLP Announces Investigation of Baldwin Technology Company, Inc.

2012-01-11 11:35 ET - News Release

NEW YORK, Jan. 11, 2012 /PRNewswire/ --  Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Baldwin Technology Company, Inc. (NYSE AMEX: BLD) (referred to as "Baldwin" or the "Company") to Forsyth Baldwin, LLC, a company controlled by Forsyth Capital Investors, LLC ("Forsyth"), in a cash transaction.

Under the terms of the agreement, Baldwin's stockholders will receive $0.96 in cash for each share of Baldwin Class A or Class B Common Stock, 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.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

If you are a holder of Baldwin common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.  

If you are a shareholder of Baldwin and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com.  All e-mail correspondence should make reference to Baldwin.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz, LLP.  The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.


Joshua M. Lifshitz, Esq.
Bull & Lifshitz, LLP
Phone:   212-213-6222
Fax:       212-213-9405
Email: counsel@nyclasslaw.com

SOURCE Bull & Lifshitz, LLP

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