SHAREHOLDER ALERT:  Brodsky & Smith, LLC Announces an Investigation of Sparton Corporation- SPA

 

BALA CYNWYD, July 7, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Sparton Corporation (“Sparton” or “the Company”) (NYSE- SPA-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Ultra Electronics Holdings plc (“Ultra”).

Under the terms of the transaction, Sparton shareholders will receive only $23.50 in cash for each share of Sparton stock they own. The investigation concerns whether the Board of  Sparton breached their fiduciary duties to shareholders and whether Ultra is underpaying for the Company. The transaction may undervalue the Company and would result in a either a loss or no real gain for many long-term holders of Sparton stock. For example, shares of Sparton stock have traded at $32.40 per share.

If you own shares of Sparton stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.