MILWAUKEE–(BUSINESS WIRE)–The Ademi Firm is investigating Servotronics (NYSE American: SVT) for possible breaches of fiduciary duty and other violations of law in its transaction with TransDigm.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of Servotronics will receive $38.50 per share in cash, in a transaction valued at approximately $110 million, including certain tax benefits. Servotronics insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Servotronics by imposing a significant penalty if Servotronics accepts a competing bid. We are investigating the conduct of the Servotronics board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
