Harwood Feffer LLP Announces Investigation of TeleCommunication Systems, Inc.

Nov 23, 2015, 17:09 ET from Harwood Feffer LLP

NEW YORK, Nov. 23, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of TeleCommunication Systems, Inc. ("TSYS" or the "Company") (NASDAQ: TSYS) concerning the proposed acquisition of the Company by Comtech Telecommunications Corp ("Comtech").

Under the terms of the offer, Comtech would acquire TSYS in a transaction valued at approximately $430 million.  Pursuant to the deal, TSYS stockholders would receive $5.00 per share in cash.  According to Yahoo Finance, at least one analyst has set a target price for TSYS stock of $6.00 per share.

Our investigation concerns whether the TSYS board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own TSYS shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Craig Lowther Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: bsachsmichaels@hfesq.com

Website: http://www.hfesq.com

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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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