NEW YORK, July 27, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Otelco Inc. (NASDAQ: OTEL) to affiliates formed by Oak Hill Capital ("Oak Hill") for $11.75 per share is fair to Otelco shareholders. On behalf of Otelco shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
If you are an Otelco shareholder and would like to discuss your legal rights and options, please visit Otelco Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether Otelco and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Otelco shareholders; (2) determine whether Oak Hill is underpaying for Otelco; and (3) disclose all material information necessary for Otelco shareholders to adequately assess and value the proposed transaction.
If you are an Otelco shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/otelco-inc-otel-stock-merger-oak-hill/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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SOURCE Halper Sadeh LLP