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NUHC NU Horizons (MM)

6.98
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
NU Horizons (MM) NASDAQ:NUHC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.98 0 01:00:00

Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Nu Horizons Electronics Corp.

22/10/2010 3:34pm

Business Wire


NU Horizons Electronics (NASDAQ:NUHC)
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Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Nu Horizons Electronics Corp. (NASDAQ: NUHC) (referred to as "Nu Horizons" or the “Company”) by an affiliate of Arrow Electronics, Inc. ("Arrow") in a cash transaction valued at approximately $130 million.

Under the terms of the definitive agreement, which has been approved by both boards of directors, Nu Horizons shareholders will receive $7.00 per share in cash for Nu Horizons common stock. The transaction is subject to the approval of shareholders of Nu Horizons as well as customary closing conditions and regulatory approvals.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

If you are a holder of Nu Horizons stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Nu Horizons and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to Nu Horizons.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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