NEW YORK, July 11, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of BrightPoint, Inc. ("BrightPoint" or the "Company") (Nasdaq: CELL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ingram Micro Inc. (NYSE: IM).
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Under the terms of the transaction, BrightPoint shareholders will receive $9.00 per share of BrightPoint stock they own. The transaction has an approximate total value of $840 million, including the assumption of debt. The investigation concerns whether the BrightPoint Board of Directors breached their fiduciary duties to BrightPoint stockholders by failing to adequately shop the Company before entering into this transaction and whether Ingram Micro Inc. is underpaying for BrightPoint shares, thus unlawfully harming BrightPoint stockholders. In particular, BrightPoint traded as high as $11.99 per share as recently as January 20, 2012.
If you own common stock in BrightPoint and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/brightpoint-cell.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP