(IBwire.com – March
20, 2012) - The Law Offices of Marc S. Henzel (www.henzellaw.com) a firm focusing on
shareholder litigation, and is investigating claims on behalf of investors of Flanders
Corporation (OTCBB: FLDR)
concerning the proposed acquisition of Flanders by Insight Equity Holdings LLC.
According to reports, Flanders Corporation (OTCBB: FLDR), has entered into a definitive
agreement to be acquired by an affiliate of Insight Equity Holdings LLC
(Insight Equity), a middle-market private equity firm, in a transaction valued
at approximately $192 million excluding fees and expenses.
Under the terms of the agreement,
upon consummation of the transaction Flanders' shareholders will receive $4.40
per share in cash for each share of Flanders' common stock, representing a
premium of 39 percent over the average closing share price of $3.17 during the
last 30 days ending March 16, 2012 and a 42 percent premium over Flanders'
average closing share price of $3.10 during the last 90 days ending March 16,
The transaction is subject to shareholder
approval and other customary closing conditions and is targeted to close in the
second quarter of 2012.
If you own shares of Flanders Corporation
(OTCBB: FLDR) and
would like to learn more about any potential claims or you wish to discuss
these matters and have any questions concerning this announcement or your
rights, please contact Marc S. Henzel (610) 660-8000, email at Mhenzel@Henzellaw.com, or to sign up
online, visit the firms website at www.henzellaw.com.
The Law Offices
of Marc S. Henzel is a national shareholder litigation firm representing
shareholders & investors in various areas of securities laws including but
not limited to; class actions, derivatives, transactional (buyouts/mergers/acquisitions)
and FINRA & NYSE Arbitrations.
advertising. © 2012 Law Offices of Marc S. Henzel. The law firm responsible for this
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results do not guarantee or predict a similar outcome with respect to any
Offices of Marc S. Henzel