Cases
Sparton Corporation (SPA)
Merger
Overview
Overview
- Date:
- 12/12/2018
- Company Name:
- Sparton Corporation
- Stock Symbol:
- SPA
- Company Name - Buyer:
- Cerberus Capital Management, L.P.
- Status:
- Closed/Complete
- Merger Announcement Date:
- 12/12/2018
NEW YORK, December 12, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Sparton Corporation (NASDAQ: SPA) on behalf of stockholders concerning the proposed acquisition of the company by Cerberus Capital Management, L.P.
Pursuant to the proposed transaction, announced on December 12, 2018, Sparton stockholders will receive $18.50 in cash for each share of Sparton common stock owned. The investigation focuses on whether Sparton and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Sparton shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on December 12, 2018, Sparton stockholders will receive $18.50 in cash for each share of Sparton common stock owned. The investigation focuses on whether Sparton and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Sparton shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.