SHAREHOLDER ALERT: Investigation Of National Technical Systems, Inc. Buyout
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of National Technical Systems, Inc. (“NTS” or the “Company”) (NASDAQ GM: NTSC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by an affiliate of Aurora Capital Group (“Aurora”) in a transaction valued at approximately $267 million.
Under the terms of the agreement, public shareholders of NTS will receive $23.00 per share in cash for each share of NTS they own.
The investigation concerns whether NTS’s board of directors failed to adequately shop the Company and obtain the best possible value for NTS’s shareholders before entering into an agreement with Aurora. A complaint has recently been filed in California state court in connection with this investigation.
If you own the common stock of NTS and purchased your shares before August 16, 2013, 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 Rigrodsky at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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