Telular Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Avista Capita
Telular Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Avista Capital Partners
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Telular Corp. ("Telular") (NAS: WRLS) to Avista Capital Partners for shareholders. Under the terms of the proposed transaction valued at approximately $235 million, Telular shareholders will only receive $12.61 for each share of Telular stock owned, well below at least one analyst's estimate of $18.50.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via email at firstname.lastname@example.org. There is no cost or fee to you.
The Telular sale investigation centers on whether Telular's shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Telular's stock, and whether Telular's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, according to one analyst with Yahoo! Finance, the true inherent value of Telular shares could be as high as $18.50 per share. Shareholder rights attorney Willie Briscoe stated that "due to analyst's estimates, the proposed sale price, the size of the deal and other factors, we believe this transaction may undervalue Telular's stock. Our proposed lawsuit will seek to ensure that shareholders are receiving the highest share price for their shares."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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