Kendall Law Group Investigating Avnet/Bell Merger

Kendall Law Group is investigating the Bell Microproducts, Inc. merger with Avnet, Inc. for shareholders.

he national securities litigation firm is investigating whether a fair process was used prior to entering into the merger agreement and whether the Bell Board of Directors breached their fiduciary duties by not seeking a deal that would provide better value of the Company.

On March 29, 2010, Bell announced that it had entered into an agreement to be acquired by Avnet in a $594 million transaction expected to close in 60 to 120 days. According to the agreement, shareholders will receive $7.00 in cash per Bell Micro share owned, which represents a 30% premium over the closing price on March 26, 2010, the last trading day before the deal was announced.