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Law Office of Brodsky & Smith, LLC Announces Investigation of Baldwin Technology Company, Inc.

BALA CYNWYD, Pa. -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Baldwin Technology Company, Inc. ("Baldwin" or the "Company") (NYSE Amex: BLD) relating to the proposed acquisition by Forsyth Baldwin, LLC. ("Forsyth").

Under the terms of the going-private transaction, Baldwin shareholders would receive $0.96 in cash for each share of Baldwin stock they own. The purchase price could be reduced to not less than $0.90 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Baldwin for not acting in the Company's shareholders' best interests in connection with the sale process to Forsythe. The transaction may undervalue Baldwin as Baldwin stock traded at $1.78 on May 9, 2011 and traded at $1.22 as recently as October 17, 2011. In addition, an analyst has set a price target of $1.80 per share for Baldwin stock.

If you own shares of Baldwin stock and wish to discuss the legal ramifications of the proposed transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/377-bld-baldwin-technology-company-inc.html, or by calling toll free 877-LEGAL-90.
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Comment:Law Office of Brodsky & Smith, LLC Announces Investigation of Baldwin Technology Company, Inc.
Publication:Business Wire
Geographic Code:1U2PA
Date:Dec 31, 2011
Words:294
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