June 21, 2021
Lydall, Inc. Investigation
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Lydall, Inc. (“Lydall” or the “Company”) (NYSE: LDL) in connection with the proposed acquisition of the Company by Unifrax, a specialty materials maker backed by Clearlake Capital Group, L.P. Under the terms of the merger agreement, the Company’s shareholders will receive $62.10 per share in cash for each share of Lydall common stock that they hold. The transaction is valued at approximately $1.3 billion.
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