IEC Electronics Corp.
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IEC MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF IEC ELECTRONICS CORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – IEC
August 12, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of IEC Electronics Corp. (NASDAQ: IEC) to Creation Technologies Inc. for $15.35 per share in cash is fair to IEC shareholders.
The investigation concerns whether IEC 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 IEC shareholders; (2) determine whether Creation Technologies is underpaying for IEC; and (3) disclose all material information necessary for IEC shareholders to adequately assess and value the merger consideration. On behalf of IEC 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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