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Name | Symbol | Market | Type |
---|---|---|---|
Santech Holdings Limited | NASDAQ:STEC | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.3142 | 0.30 | 0.456 | 0 | 09:00:00 |
Kirby McInerney LLP is investigating potential claims against the Board of Directors of sTec, Inc. (“sTec” or the “Company”) (NASDAQ: STEC) related to the proposed acquisition of the Company by HGST, a subsidiary of Western Digital Corp. (“HGST”) (NASDAQ: WDC). Under the terms of the transaction, HGST will purchase all of the outstanding common stock of sTec for $6.85 per share in cash, for a net transaction value of approximately $207 million. The investigation concerns whether the sTec Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $6.85 per share consideration adequately values sTec common shares.
If you are a sTec shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
Kirby McInerney LLPJ. Brandon Walker, Esq.212-699-1145888-529-4787bwalker@kmllp.com
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