The Ademi Firm is investigating Servotronics (NYSE American: SVT) for possible breaches of fiduciary duty and other violations of law in its transaction with TransDigm.
In the transaction, shareholders of Servotronics will receive $38.50 per share in cash, in a transaction valued at approximately $110 million, including certain tax benefits. Servotronics insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Servotronics by imposing a significant penalty if Servotronics accepts a competing bid. We are investigating the conduct of the Servotronics board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.