The Law Office of Vincent Wong Announces Investigation of Acquisition of Bluelin

x Holdings Inc. - BXC

The Law Office of Vincent Wong is investigating the Board of Directors of Blueli
nx Holdings Inc. (â Bluelinxâ or the â Companyâ ) (NYSE: BXC) and its majority shareho
Cerberus ABP Investor LLC ("CAI"), for possible breaches of fiduciary duty and
other violations of state law.
New York, NY, August 03, 2010 -- CAI announced that it intends to commence a ten
der offer for all of the publicly held shares of BlueLinx that it does not alrea
dy 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 BlueLi
nx. In a letter sent to the Board of Directors of BlueLinx, CAI stated that it h
as no current interest in selling its stake in BlueLinx nor would it currently e
xpect, in its capacity as a stockholder, to vote in favor of any alternative sal
e, merger or similar transaction.
The investigation concerns whether the Bluelinx Board of Directors breached thei
r fiduciary duties to Bluelinx stockholders and whether CAI is underpaying for B
luelinx 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 sha
re.
If you own common stock in Bluelinx and wish to obtain additional information ab
out this investigation and what is being done to advance the shareholdersâ⠬⠢ in
terests, please contact Vincent Wong, Esq. directly, via email at vw@wongesq.com
, by telephone at 212.584.2740, or visit http://wongesq.com/bluelinx-bxc.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in
securities litigations involving financial fraud and violations of shareholder r
ights.
About Us:
Vincent S. Wong represents corporations and individuals in complex litigation ma
tters, primarily relating to corporate or commercial matters. Vincent S. Wong ha
s more than ten years experience in corporate law among the top law firms in the
world, including Arent Fox LLP, Weil, Gotshal & Manges LLP, and Moskowitz, Altm
an & Hughes LLP (now known as KMZ Rosenman).
Vincent S. Wong has represented international and domestic clients in connection
with a wide range of corporate, transactional, and securities compliance matter
s, including private merges, corporate governance, financing, restructurings, st
rategic alliances, joint ventures, and general corporate matters. His clients ha
ve included private equity funds, venture capital funds, and their general partn
ers and investment managers.
For the last several years, Vincent S. Wong has established and run his own succ
essful boutique law firm, which has grown to two offices to better serve our cli
ents.
Contact:
Vincent Wong, Esq.
Law Office of Vincent Wong
39 East Broadway Suite 304
New York, NY 10002
212.584.2740
vw@wongesq.com
http://www.wongesq.com