Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of
TeleCommunication Systems Inc. (“TeleCommunication” or the “Company”)
(NasdaqGS:TSYS) for potential breaches of fiduciary duties in connection
with the sale of the Company to Comtech Telecommunications Corp. for
approximately $430.8 million in a cash transaction.
The Company’s stockholders will only receive $5.00 for each share of
TeleCommunication common stock they own. However, at least one analyst
has set a price target for TeleCommunication stock at $6.00 per share.
Click here for more information: www.faruqilaw.com/TSYS.
There is no cost or obligation to you.
The investigation focuses on whether TeleCommunication’s Board of
Directors breached their fiduciary duties to the Company’s stockholders
by failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment of
TeleCommunication’s shareholders.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
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If you own common stock in TeleCommunication and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/TSYS
or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
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