Brightpoint Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of Brightpoint, Inc. to Ingram Micro Inc.

Published on Monday, 02 July 2012 14:49 Written by TradersHuddle Staff

DALLAS-( Business Wire )-

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Brightpoint, Inc. (“Brightpoint” or “CELL”) (Nasdaq: CELL) to Ingram Micro for shareholders. Under the proposed transaction, Brightpoint shareholders will only receive $9.00 in cash for each share of Brightpoint/CELL stock owned, well below at least one analyst’s estimated value of $12.00 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. , or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. . There is no cost or fee to you.

Under the terms of the definitive merger agreement, Ingram Micro will acquire all outstanding shares of Brightpoint in a cash transaction valued at approximately $840 million.

The investigation centers on whether Brightpoint shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Brightpoint stock, and whether Brightpoint’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, according to Yahoo! Finance, at least one analyst has estimated that the true inherent value of the company is $12.00. “Due to the lack of a significant premium to the shareholders and other factors, we believe that the transaction may undervalue CELL stock. Our lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Powers Taylor, LLPPatrick Powers, 877-728-9607patrick@powerstaylor.comorThe Briscoe Law Firm, PLLCWillie Briscoe, This e-mail address is being protected from spambots. You need JavaScript enabled to view it.