NEW YORK, Dec. 3, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of Torotel, Inc. (Other OTC: TTLO) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed sale to Standex International Corporation.
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On December 2, 2019, Torotel announced that it had signed an agreement to be acquired by Standex for $7.77 per share in cash, or a total of approximately $48 million.
Bragar Eagel & Squire is concerned that Torotel's board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for TTLO stockholders.
If you own shares of Torotel and are concerned about the proposed merger, or you're interested in learning more about the investigation or your legal rights and remedies, please contact Brandon Walker or Alexandra Raymond by email at firstname.lastname@example.org or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE Bragar Eagel & Squire, P.C.