PHILADELPHIA, Feb. 01, 2021 (GLOBE NEWSWIRE) --
Kaskela Law LLC announces that it is investigating SMTC Corporation (“SMTC”) (NASDAQ: SMTX) on behalf of the company’s stockholders.
SMTC stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/smtc-corporation/ , for additional information about this investigation and their legal rights and options.
On January 4, 2021, SMTC announced that it has agreed to be acquired by an affiliate of H.I.G. Capital (“H.I.G.”) at a price of $6.044 per share in cash. Following the closing of the proposed transaction, shares of SMTC’s common stock will no longer be publicly traded.
The investigation concerns whether $6.044 per share provides adequate consideration to SMTC’s stockholders, and whether SMTC’s officers and/or directors breached their fiduciary duties to stockholders in connection with the agreement to sell the company to H.I.G.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
skaskela@kaskelalaw.com
www.kaskelalaw.com
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