SHAREHOLDER NEWS: Johnson Fistel Investigates Proposed Sale of Startek to Capital Square Partners
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Startek, Inc. (“Startek” or “the Company”) (NYSE: SRT) breached their fiduciary duties in connection with the proposed sale of the Company to Capital Square Partners (“CSP”).
On October 10, 2023, Startek announced that it had entered a deal to merge with CSP. Under the terms of the deal, Startek shareholders will receive $4.30 per share in an all-cash offer. The transaction is anticipated to conclude by the end of the calendar year 2023, provided that all customary closing conditions are met. The transaction is not contingent on any financing arrangements.
Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially since the average analysts’ price target is currently $4.90.
The investigation concerns whether the Startek board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Startek shares of common stock.
If you are a shareholder of Startek and believe the proposed buyout price is too low or you’re interested in learning more about the investigation, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
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