Shareholder rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of TeleCommunication
Systems, Inc. (NASDAQ: TSYS) breached their fiduciary duties in
connection with the proposed sale of the Company Comtech
Telecommunications Corp.
Additional Information:
TeleCommunication Systems develops and delivers wireless communication
technology.
On November 23, 2015, TeleCommunication Systems announced that it had
signed a definitive merger agreement with Comtech. Under the terms of
the agreement, Comtech will pay $5.00 in cash for each TeleCommunication
share of stock.
The investigation concerns whether the TeleCommunication board is acting
in the shareholders’ best interests, including whether the board
adequately pursued alternatives to the acquisition and whether the board
obtained the best price possible for the Company’s shares of common
stock. Nationally recognized Johnson & Weaver is investigating
whether the proposed deal price represents adequate consideration
especially given that one Wall Street analyst has a $6.00 price target
on the stock.
If you are a shareholder of TeleCommunication and believe the
proposed buyout price is too low or you’re interested in learning more
about the investigation or your legal rights and remedies, please
contact lead analyst Jim Baker (jimb@johnsonandweaver.com)
at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
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