TELECOMMUNICATION SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of TeleCommunication Systems Inc. (TSY...
01 Décembre 2015 - 10:27PM
Business Wire
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 all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
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.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP685 3rd Avenue, 26th FloorNew York, NY
10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free:
877-247-4292Phone: 212-983-9330
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