Flanders Corporation (PINK:FLDR) Investor Investigation Over potential Breaches Of Fiduciary Duties In Proposed Acquisition

If you are a current investor in Flanders Corporation (PINK:FLDR) shares and purchased your PINK:FLDR shares prior to March 19, 2012, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
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San Diego, March 19, 2012 (Shareholders Foundation) -- The announcement by Flanders Corporation that it agreed to be acquired for $4.40 per PINK:FLDR share by affiliate of Insight Equity Holdings LLC caused an investigation for investors in Flanders Corporation (PINK:FLDR) shares concerning whether the offer to acquire Flanders Corporation and the buyout process are unfair to investors in PINK:FLDR shares.

The investigations by law firms concern whether certain officers and directors of Flanders Corporation breached their fiduciary duties owed to Flanders Corporation (PINK:FLDR) investors in connection with the proposed acquisition.

On Monday, March 19, 2012, Flanders Corporation announced that it has entered into an agreement to be acquired by an affiliate of Insight Equity Holdings LLC in a transaction valued at approximately $192 million excluding fees and expenses.
Under the terms of the agreement, upon consummation of the transaction Flanders' shareholders will receive $4.40 per share in cash for each share of Flanders' common stock.
Flanders Corporation said the $4.40 offer represents a premium of 39 percent over the average closing share price of $3.17 during the last 30 days ending March 16, 2012 and a 42 percent premium over Flanders' average closing share price of $3.10 during the last 90 days ending March 16, 2012.
Following the announcement shares of Flanders Corporation (PINK:FLDR) jumped from $3.30 on Friday to $4.35 on Monday.

However, certain Flanders' shareholders, including some members of senior management have already executed agreements to vote their shares in favor of the transaction.

Therefore the investigation for Flanders Corporation investors seeks more information and concerns whether the Flanders Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to PINK:FLDR shareholders by failing to adequately shop the Company before entering into this transaction.