WILMINGTON, Del.--(BUSINESS WIRE)--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Lawson Products, Inc. (NASDAQGS: LAWS) (“Lawson” or the “Company”) relating to the sale of the Company to TestEquity and Gexpro Services, two portfolio companies of private equity firm Luther King Capital Management Corporation (“LKCM”). On December 29, 2021, the parties announced the signing of a definitive merger agreement pursuant to which TestEquity and Gexpro will combine with Lawson in an all-stock merger. Upon completion of the merger, LKCM is expected to own 75% of the combined company, meanwhile Lawson’s minority shareholders are expected to be significantly diluted.
Our Firm's investigation so far has discovered that the process leading up to the announcement of the merger appears to have significant conflicts of interest, thus making the process and consideration unfair. Andrews & Springer is also investigating whether Lawson’s board of directors breached their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Our investigation is also looking into whether Lawson’s top executives were conflicted and acted in their own self-interest when approving the merger.
If you currently own shares of Lawson and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/lawson-merger-class-action-investigation/ or contact Craig J. Springer, Esq. at firstname.lastname@example.org, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.