Levi & Korsinsky is investigating the Board of Directors of WPCS International Incorporated (NASDAQ: WPCS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Multiband Corporation. Under the terms of the transaction, WPCS International shareholders will receive $3.20 in cash for each share of WPCS International common stock for a total transaction price of approximately $22 million.
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, or call: 877-363-5972.
The investigation concerns whether WPCS International Board of Directors breached their fiduciary duties to WPCS International stockholders by failing to adequately shop the Company before entering into this transaction and whether Multiband is underpaying for WPCS International shares, thus unlawfully harming WPCS International stockholders. In particular, WPCS International stock traded as high as $3.36 as recently as October 28, 2010, at least one analyst set a target price for WPCS International stock at $12 per share and the company reported a book value of $7.44 per share, for the most recent quarter.
If you own common stock in WPCS International and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
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. Attorney advertising. Prior results do not guarantee similar outcomes.