Rigrodsky & Long, P.A. Investigates TESSCO Technologies, Inc. Going Private Offer
- Do you own TESSCO Technologies, Inc. common stock?
- Did you purchase your shares before September 23, 2010?
- Do you feel Discovery Group's offer is unfair?
- Do you want to discuss your rights?
If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.
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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of TESSCO Technologies, Inc. concerning the Company’s receipt of a proposal from Discovery Group, for a going private transaction.
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Rigrodsky & Long, P.A. Investigates TESSCO Technologies, Inc. Going Private Offer
Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of TESSCO Technologies, Inc. (“TESSCO” or the “Company”) (Nasdaq: TESS) concerning the Company’s receipt of a proposal from Discovery Group, for a going private transaction (the “Proposal”).
The investigation concerns whether TESSCO’s board of directors is adequately shopping the Company and working to obtain the best price possible for TESSCO’s shareholders. The Proposal contemplates the acquisition of all of the outstanding shares of common stock of TESSCO not currently owned by Discovery Group for $15.50 per share. Discovery Group already owns approximately 13.8% of the Company’s outstanding shares.
As recent as July 21, 2010, TESSCO announced that its quarterly revenues grew over 30% compared to the same period in 2009. Indeed, TESSCO’s Chairman, President and CEO, Robert B. Barnhill stated: “We are off to a terrific start in the new fiscal year and look forward to growing momentum as the year progresses and we accelerate the execution of our strategic plan.”
If you own the common stock of TESSCO and purchased your shares before September 23, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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