WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Sparton Corporation (NYSE: SPA)?
- Did you purchase any of your shares prior to July 7, 2017?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Sparton Corporation (“Sparton” or the “Company”) (NYSE: SPA) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Ultra Electronics Holdings plc (“Ultra”) in a transaction valued at approximately $235 million. Under the terms of the agreement, shareholders of Sparton will receive $23.50 in cash for each share of Sparton common stock.
If you own common stock of Sparton and purchased any shares before July 7, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at email@example.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
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