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TRECORA STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE SALE OF TRECORA RESOURCES IS FAIR TO SHAREHOLDERS
May 11, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Trecora Resources (NYSE: TREC) to an affiliate of Balmoral Funds, LLC for $9.81 per share in cash is fair to Trecora shareholders.
The investigation concerns whether Trecora 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 Trecora shareholders; (2) determine whether Balmoral is underpaying for Trecora; and (3) disclose all material information necessary for Trecora shareholders to adequately assess and value the merger consideration. On behalf of Trecora 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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