The Law Office of Joseph Klein Announces Investigation of Acquisition of Bluelinx Holdings Inc. by Majority Shareholder - BXC

The Law Office of Joseph Klein is investigating the Board of Directors of Bluelinx Holdings Inc. ("Bluelinx" or the "Company") (NYSE: BXC) and its majority shareholder, Cerberus ABP Investor LLC ("CAI"), for possible breaches of fiduciary duty and other violations of state law.

CAI announced that it intends to commence a tender offer for all of the publicly held shares of BlueLinx that it does not already own at a price of $3.40 in cash per share. Based on shares outstanding as of May 7, 2010, CAI currently owns 55.39% of the outstanding common stock of BlueLinx. In a letter sent to the Board of Directors of BlueLinx, CAI stated that it has no current interest in selling its stake in BlueLinx nor would it currently expect, in its capacity as a stockholder, to vote in favor of any alternative sale, merger or similar transaction.

The investigation concerns whether the Bluelinx Board of Directors breached their fiduciary duties to Bluelinx stockholders and whether CAI is underpaying for Bluelinx shares. Bluelinx stock traded at over $6.00 per share in April this year and at least one analyst set a price target for Bluelinx stock at $5.00 per share.

If you own common stock in Bluelinx and wish to obtain additional information about this investigation and what is being done to advance the shareholders' interests, please contact Joseph Klein, Esq. directly, via email at jk ( @ ) jkleinlawfirm dot com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www dot jkleinlawfirm dot com/bluelinx-bxc dot html dot All consultations are confidential and free of charge dot

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation.

Joseph Klein, Esq.
1560 East 27th Street
Brooklyn, NY 11229
Telephone: (718) 947-0005
Fax: (718) 799-1443
Toll Free: (877) STOK-180 (877-786-5180)

E-Mail: jk ( @ ) jkleinlawfirm dot com
The Web:
- and -


Contact Details

Company Name: The Law Office Of Joseph Klein
Issued By: Joseph Klein
Phone: (718) 947-0005
Address: 1560 East 27th Street Brooklyn, New York
Zip: 11229
Website: Visit the website

by Joseph Klein (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.