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| [February 15, 2013] |
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Law Office of Brodsky & Smith, LLC Announces Investigation of WMS Industries, Inc.
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of WMS Industries (News - Alert), Inc.
("WMS" or the "Company") (NYSE:WMS) relating to the proposed acquisition
by Scientific Games Corporation. ("SGMS").
Under the terms of the transaction, WMS shareholders will receive only
$26.00 in cash for each share of WMS stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of
state law by the Board of Directors of WMS for not acting in the
Company's shareholders' best interests in connection with the sale
process to SGMS. The focus of the investigation iswhether the WMS Board
of Directors breached their fiduciary duties by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction. The transaction will result in a loss for many long term
shareholders as shares of WMS stock traded at $43.02 a share on February
14, 2011.
If you own shares of WMS 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/541-wms-wms-industries-inc.html,
by calling toll free 877-LEGAL-90.

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