Cases
SORL Auto Parts, Inc.
Merger
Overview
Overview
- Date:
- 12/3/2019
- Case Caption:
- Patenaude v. SORL Auto Parts, Inc., et al.
- Stock Symbol:
- SORL
- Company Name - Buyer:
- Ruili International Inc.
- Status:
- Filed
- Merger Announcement Date:
- 11/29/2019
- Filing Date:
- 3/4/2020
- Court:
- U.S. District Court: Southern District of New York
On November 29, 2019, SORL announced that it had signed an agreement to be acquired by Ruili for $4.72 per share in cash. Bragar Eagel & Squire is concerned that SORL’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for SORL stockholders.
Case Updates
Case Files
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Patenaude v. SORL Auto Parts, Inc., et al.