STEEL CONNECT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Steel Connect, Inc. - STCN

and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Steel Connect, Inc. (NasdaqCM: STCN) to Steel Partners Holdings L.P. (NYSE: SPLP).

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Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, July 6, 2022
Information
Tags: 
Class Action Lawsuit, Professional Services, Legal, KSF, Sale, LLC, Company, Steel Connect, NYSE, Online gambling
Geotags: 
UNITED STATES, NORTH AMERICA, LOUISIANA
Stock Symbol: 
NASDAQ:STCN
Summary
Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Steel Connect, Inc. (NasdaqCM: STCN) to Steel Partners Holdings L.P. (NYSE: SPLP).
  • Under the terms of the proposed transaction, shareholders of Steel Connect will receive only $1.35 in cash and one contingent value right (CVR) for each share of Steel Connect that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .


Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Steel Connect, Inc. (NasdaqCM: STCN) to Steel Partners Holdings L.P. (NYSE: SPLP). Under the terms of the proposed transaction, shareholders of Steel Connect will receive only $1.35 in cash and one contingent value right (“CVR”) for each share of Steel Connect that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqcm-stcn/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

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