NEW YORK, July 7, 2017
NEW YORK, July 7, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Sparton Corporation ("Sparton" or the "Company") (NYSE: SPA) concerning the proposed acquisition of the Company by Ultra Electronics Holdings plc ("Ultra").
Under the terms of the offer, Ultra would acquire Sparton in a transaction valued at approximately $235 million. Pursuant to the deal, Sparton stockholders will receive $23.50 per share in cash.
Our investigation concerns whether the Sparton board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Sparton shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP