[August 16, 2017] |
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The Law Offices of Vincent Wong Notifies Investors of an Investigation of Numerex Corp. in Connection with the Sale of the Company to Sierra Wireless, Inc.
The Law Offices of Vincent Wong are investigating the Board of Directors
of Numerex (News - Alert) Corp. (NASDAQ:NMRX) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of the
Company to Sierra Wireless, Inc. (NASDAQ:SWIR). Under the terms of the
transaction, Numerex shareholders will receive 0.1800 common shares of
Sierra Wireless (News - Alert) stock for each share of Numerex common stock they own.
Numerex shareholders owning approximately 27% of the Company's
outstanding shares have already agreed to tender their shares.
The investigation concerns whether the Numerex Board of Directors
breached their fiduciary duties to Numerex stockholders by failing to
adequately shop the Company beforeentering into this transaction and
whether Sierra Wireless is underpaying for Numerex shares, thus
unlawfully harming Numerex stockholders.
If you own common stock in Numerex and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email [email protected],
by telephone at 212.425.1140, or http://docs.wongesq.com/NMRX-Info-Request-Form-1679.
Vincent Wong, Esq. is an experienced attorney that has represented
investors in securities litigations involving financial fraud and
violations of shareholder rights. Attorney advertising. Prior results do
not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170816005980/en/
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