BUYOUT OF NATIONAL TECH - LAW FIRM SEEKS HIGHER PRICE AND MORE INFO FOR SHAREHOLDER
August 16, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of National Technical Systems Inc. National Technical Systems, Inc. (NTSC) announced that the Company has entered into an Agreement and Plan of Merger to be acquired by an affiliate of Aurora Capital Group,. Pursuant to the Merger Agreement, each share of the Company's outstanding common stock will be converted into the right to receive an amount in cash equal to $23.00 per share,
The investigation concerns whether certain members of senior management breached their fiduciary duties by joining with Aurora Capital in acquiring the company's shares. By seeking to acquire the company for themselves would create a major conflict of interest as they would be seeking to buy the company for the lowest price possible rather than get shareholders the highest price.
If you are a current shareholder of NTSC please contact us at 1-877-772-3975 or email at contact @ tripplevy if you would like additional information as to how to join with other shareholders who are seeking a higher price.