CUBIC (CUB) SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Cubic Corporation Following Agreement to Sell the Company for $70 Per Share
/EIN News/ -- PHILADELPHIA, Feb. 15, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) on behalf of the Company’s shareholders.
On February 8, 2021, Cubic announced that it had entered into an agreement to be acquired by private equity funds managed by Veritas Capital (“Veritas”) and Evergreen Coast Capital Corporation (“Evergreen”) at a price of $70.00 per share in cash. Following the closing of the proposed transaction, shares of Cubic’s common stock will no longer be publicly traded.
The investigation seeks to determine whether the proposed $70.00 per share provides sufficient consideration for Cubic’s shareholders, and whether Cubic’s officers and/or directors breached their fiduciary duties in agreeing to sell the company to Veritas and Evergreen.
Cubic shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/cubic-corporation/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
skaskela@kaskelalaw.com
www.kaskelalaw.com
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