Houston Wire & Cable Company
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HOUSTON WIRE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF HOUSTON WIRE & CABLE COMPANY IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – HWCC
March 25, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Houston Wire & Cable Company (NASDAQ: HWCC) to Omni Cable, LLC for $5.30 per share is fair to Houston Wire shareholders.
The investigation concerns whether Houston Wire and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Houston Wire shareholders; (2) determine whether Omni Cable is underpaying for Houston Wire; and (3) disclose all material information necessary for Houston Wire shareholders to adequately assess and value the merger consideration. On behalf of Houston Wire shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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