10/26/2016 LB 15 month camp

WEISSLAW LLP: CDI Corp. Acquisition May Not Be in the Best Interests of CDI Shareholders

Press Release from CDI Corporation

NEW YORK, Aug. 2, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of CDI Corp. ("CDI" or the "Company") (NYSE: CDI) in connection with the proposed acquisition of the Company by affiliates of AE Industrial Partners, LLC. Under the terms of the agreement, the Company's shareholders will receive $8.25 in cash for each CDI share they own.

WeissLaw is investigating whether CDI's Board acted to maximize shareholder value prior to entering into the agreement. Notably, shares of CDI traded at $9.65, or $1.40 above the offer price, as recently as February of this year.

Given these facts, WeissLaw is investigating whether CDI's Board acted in the best interests of CDI's public shareholders to maximize shareholder value prior to entering into the agreement. If you own CDI shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/cdi-corp/

View original content:http://www.prnewswire.com/news-releases/weisslaw-llp-cdi-corp-acquisition-may-not-be-in-the-best-interests-of-cdi-shareholders-300498612.html


Companies Mentioned in this Press Release:
Business Categories Mentioned in this Press Release: