NEWTOWN SQUARE, PA / ACCESSWIRE / June 3, 2019 / Kaskela Law LLC announces that is investigating Sears Hometown and Outlet Stores, Inc. ("Sears Hometown" or the "Company") (NASDAQ: SHOS) on behalf of the Company's shareholders.
On June 3, 2019, Sears Hometown announced that it had entered into a merger agreement with Transform Holdco LLC ("Transform") whereby Transform will acquire the outstanding publicly traded shares of Sears Hometown for a base price of $2.25 per share in cash. According to the announcement, ESL Investments, Inc. ("ESL") and its affiliates are the majority owners of Transform, and own approximately 58% of Sears Hometown's outstanding shares. Following the closing of the proposed transaction, Sears Hometown will cease to be a publicly traded company.
Kaskela Law LLC is investigating: (i) whether $2.25 per share represents adequate consideration for the Company's shares; (ii) whether the Company's executive officers and/or directors violated the securities laws or breached their fiduciary duties in connection with the transaction with Transform; and (iii) whether the Company's shareholders are receiving all material information in connection with the transaction with Transform.
Sears Hometown shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 - 1740, or via email at [email protected], to discuss this investigation and their legal rights and options with respect to this transaction. Additional information may also be found at http://kaskelalaw.com/case/sears-hometown/.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 - 1585
(888) 715 - 1740
www.kaskelalaw.com
[email protected]
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SOURCE: Kaskela Law LLC