United States

SHARPS COMPLIANCE CORP. ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of SMED and Encourages Investors to Contact the Firm

NEW YORK, July 15, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Sharps Compliance Corp. (NASDAQ: SMED) (“Sharps”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by an affiliate of Aurora Capital Partners (“Aurora”).

Click here to learn more and participate in the action.

On July 12, 2022, Sharps announced that it had entered into an agreement to be acquired by Aurora in an all-cash deal. Pursuant to the merger agreement, Aurora will acquire all of the issued and outstanding shares of Sharps for $8.75 per share, which represents a premium of approximately 207% over Sharps’ closing share price on July 11, 2022. The deal is scheduled to close in the third quarter of 2022.

Bragar Eagel & Squire is concerned that Sharps’ board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Sharps’ stockholders.

If you own shares of Sharps and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato by email at [email protected] or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
[email protected]
www.bespc.com

Disclaimer: This content is distributed by The GlobeNewswire

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment moderation is enabled. Your comment may take some time to appear.

Back to top button

Adblock detected

Please consider supporting us by disabling your ad blocker