NEW YORK--(BUSINESS WIRE)--
The Law Offices of Vincent Wong are investigating the Board of Directors of Numerex Corp. (NASDAQ:NMRX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sierra Wireless, Inc. (NASDAQ:SWIR). Under the terms of the transaction, Numerex shareholders will receive 0.1800 common shares of Sierra Wireless stock for each share of Numerex common stock they own. Numerex shareholders owning approximately 27% of the Company’s outstanding shares have already agreed to tender their shares.
The investigation concerns whether the Numerex Board of Directors breached their fiduciary duties to Numerex stockholders by failing to adequately shop the Company before entering into this transaction and whether Sierra Wireless is underpaying for Numerex shares, thus unlawfully harming Numerex stockholders.
If you own common stock in Numerex and wish to obtain additional information, please contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or http://docs.wongesq.com/NMRX-Info-Request-Form-1679.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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