NEW YORK, June 28, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Hydrogenics Corporation (“Hydrogenics” or the “Company”) (NASDAQGM: HYGS) stock prior to June 28, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Hydrogenics to Cummins Inc. (“Cummins”) (NYSE: CMI). Under the terms of the deal, Cummins has agreed to acquire, through its subsidiary Atlantis AcquisitionCo Canada Corporation, all of the outstanding common shares of Hydrogenics, other than those owned by The Hydrogen Company (a wholly owned subsidiary of L’Air Liquide S.A.). Shareholders of Hydrogenics will receive $15.00 in cash per share they own. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/hydrogenics-corporation
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Hydrogenics merger investigation concerns whether the Board of Hydrogenics breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cummins is underpaying for Hydrogenics shares, thus unlawfully harming Hydrogenics shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com