Faruqi & Faruqi, LLP Announces Investigation of Southwall Technologies Inc. (SWTX)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Southwall Technologies Inc. (“Southwall” or the “Company”) (Nasdaq: SWTX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Solutia Inc. (NYSE: SOA) in an all-cash transaction valued at approximately $113 million. Under the terms of the proposed transaction, Southwall shareholders will receive $13.60 in cash. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.
Whether Southwall’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Southwall’s shares and by how much this proposed transaction undervalues the Company to the detriment of Southwall’s shareholders are the key focus of this investigation.
If you own common stock in Southwall and wish to obtain additional information, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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