A law office recently began an investigation of the leaders of a sensor manufacturer after the company agreed to be purchased by a communication component manufacturer. There is a chance that this will develop into a class action lawsuit at a later date.
Law firm Levi and Korsinsky, LLP, noted that it started investigating the board of directors at Measurement Specialties, Inc., due to potential state law violations and fiduciary duty breaches after the company announced a proposed sale to TE Connectivity, Ltd.
Shareholders would earn $86 in cash per share of Measurement Specialties stock owned. However, this amount may not be valued high enough, and the board of directors at the company may have not put the company on the market for long enough in order to get the best deal possible. Additionally, TD Connectivity may be paying too little for the company's shares in the deal.
It is an option for shareholders of Measurement Specialties to speak with the law office to learn more about the investigation and how it may affect their rights or interests. The best representative to speak with is Joseph Levi, and he can be reached by email or telephone. There is also additional details on the law office's website.
Second investigation announced
Another law firm explained that it would investigate the pending sale of Measurement Specialties to TE Connectivity for many of the aforementioned reasons. This also has the potential to become a securities class action lawsuit in the future.
Law office of Brodsky and Smith, LLC, noted that it began looking into these issues due to the fact that the valuation per share may be too low for shareholders. This is due to the company's revenue projection was to rise $540 million, while its earnings growth should improve another 26 percent. These issues may mean that the company did not consider the shareholders enough when completing the deal, breaching fiduciary duty and state law violations.
It is also an option for owners of Measurement Specialties stock to discuss matters with this law office. When looking to learn more about how the legal issues related to the investigation may affect shareholders, contact Jason Brodsky or Evan Smith. They can be reached by email, mail or telephone. Additionally, there is further information on the firm's website.