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STEC Santech Holdings Limited

0.3142
0.00 (0.00%)
Pre Market
Last Updated: 09:00:00
Delayed by 15 minutes
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

Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of sTec, Inc. Shareholders

25/06/2013 3:46pm

Business Wire


Santech (NASDAQ:STEC)
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From Jul 2019 to Jul 2024

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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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