BALDOR ELEC : Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Baldor Electric Company, in Connection with the Proposed Acquisition of the Company by ABB Ltd.

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Baldor Electric Company (?Baldor? or the ?Company?) (NYSE:BEZ) related to the Company's agreement to be acquired by ABB Ltd. The proposed all-cash transaction is valued at approximately $4.2 billion.

Under the terms of the definitive agreement entered into by the parties, ABB Ltd. will commence a tender offer to purchase all of Baldor's outstanding shares for $63.50 per share in cash. The tender offer is expected to commence in December, and the proposed transaction is expected to close in the first quarter of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Baldor's board of directors.

If you are a shareholder of Baldor, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
[phone]
[phone]
[e-mail]
www.howardsmithlaw.com