The Law Firm Of Levi & Korsinsky, LLP Launches An Investigation Into The Possible Breaches Of Fiduciary Duty By The Board Of TechTeam Global, Inc. In Connection With The Sale Of The Company To Stefanini International Holdings – TEAM
Levi & Korsinsky is investigating the Board of Directors of TechTeam Global, Inc. (“TechTeam Global” or the “Company”) (NasdaqGM: TEAM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to an affiliate of Stefanini International Holdings (“Stefanini IT Solutions”). Under the terms of the transaction, TechTeam Global shareholders will receive $8.35 in cash per share for a total transaction value of approximately $93.4 million. The transaction will be accomplished through an all-cash tender offer and second-step merger.
Click here to learn how to join the action: http://www.zlk.com/techteam-global-team.html, or call: 877-363-5972.
The investigation concerns whether the TechTeam Global Board of Directors breached their fiduciary duties to TechTeam Global stockholders by failing to adequately shop the Company before entering into this transaction and whether Stefanini IT Solutions is underpaying for TechTeam Global shares, thus unlawfully harming TechTeam Global stockholders.
If you own common stock in TechTeam Global and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/techteam-global-team.html.Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.
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