SHAREHOLDER ALERT:  Brodsky & Smith, LLC Announces an Investigation of General Cable Corporation – BGC

 

BALA CYNWYD, December 4, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of General Cable Corporation (“General Cable” or “the Company”) (NYSE- BGC-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Prysmian Group (“Prysmian”).

Under the terms of the transaction, General Cable shareholders will receive only $30.00 in cash for each share of General Cable stock they own. The investigation concerns whether the Board of  General Cable breached their fiduciary duties to shareholders and whether Prysmian is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many General Cable shareholders. For example, shares of General Cable stock have traded at $36.63 per share and it has been reported that General Cable could attract interest from rivals.

If you own shares of General Cable stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.