If you purchased SMTC Corporation securities and would like to join the action, please click "Join This Action" below.
SMTC MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF SMTC CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – SMTX
January 4, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of SMTC Corporation (NASDAQ: SMTX) to an affiliate of H.I.G. Capital (“H.I.G.”) for $6.044 per share in cash is fair to SMTC shareholders.
The investigation concerns whether SMTC and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for SMTC shareholders; (2) determine whether H.I.G. is underpaying for SMTC; and (3) disclose all material information necessary for SMTC shareholders to adequately assess and value the merger consideration. On behalf of SMTC 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.
Attorney Advertising. Prior results do not guarantee a similar outcome.