SEV Sevcon Inc

SEVCON, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout

WILMINGTON, Del.--(BUSINESS WIRE)--

Rigrodsky & Long, P.A.:

  • Do you own shares of Sevcon, Inc. (NASDAQ CM: SEV)?
  • Did you purchase any of your shares prior to July 17, 2017?
  • Do you think the proposed buyout is fair?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Sevcon, Inc. (“Sevcon” or the “Company”) (NASDAQ CM: SEV) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by BorgWarner Inc. (“BorgWarner”) (NYSE: BWA) in a transaction valued at approximately $200 million. Under the terms of the agreement, shareholders of Sevcon will receive $22.00 in cash for each share of Sevcon common stock.

If you own common stock of Sevcon and purchased any shares before July 17, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at [email protected].

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

EN
17/07/2017

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