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TESS STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF TESSCO TECHNOLOGIES INCORPORATED IS FAIR TO SHAREHOLDERS
April 12, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of TESSCO Technologies Incorporated (NASDAQ: TESS) to affiliates of Lee Equity Partners and Twin Point Capital for $9.00 in cash per share is fair to TESSCO shareholders.
The investigation concerns whether TESSCO 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 TESSCO shareholders; (2) determine whether Lee Equity and Twin Point are underpaying for TESSCO; and (3) disclose all material information necessary for TESSCO shareholders to adequately assess and value the merger consideration. On behalf of TESSCO shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC 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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