Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Hawk Corp. (“Hawk” or the “Company”) (AMEX: HWK) concerning the sale of the Company to Carlisle Companies Inc. for $50.00 in cash for each share of common stock owned in a transaction valued at approximately $413 million. The transaction is expected to close by the end 2010.
The investigation is focused on the potential unfairness of the consideration to Hawk shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Hawk Board members. Shares of the Company’s stock closed at $49.01 on October 14, the day prior to the announcement of the merger, and traded at $49.99 on October 12. Moreover, on September 22, the Company increased its guidance for 2010 full year net sales to a range of between $241.0 million and $246.0 million, representing an increase of between 39.8% and 42.7% over 2009 net sales.
If you are interested in discussing your rights as a Hawk shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
Donald J. Enright, Esq.
202-337-8000
