NEW YORK, June 5, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Sears Hometown
and Outlet Stores, Inc. ("SHOS" or the "Company") (NASDAQ: SHOS) in
connection with the proposed acquisition of the Company by
Transform Holdco LLC ("Transform"). Under the terms of the
agreement, SHOS shareholders will receive $2.25 in cash for each SHOS they own.
If you are a shareholder of SHOS who wishes to
discuss the investigation or have any questions about this notice
and your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)593-4771
stockinfo@weisslawllp.com
Or visit our website
http://www.weisslawllp.com/sears-hometown-outlet-stores-inc/
Or follow us on Twitter
@MarketsAlert
WeissLaw is investigating whether SHOS's Board acted to maximize
shareholder value prior to entering into the agreement. Notably,
the Company announced significant improvements in its metrics in
latest financial results for the fourth quarter and fiscal year
2018. It reported a $3.0 million
decrease in net loss from $33.2
million to $30.2 million, and
an improvement of $6.9 million in
adjusted EBITDA from $12.4 million to
$5.5 million.
Given these facts, WeissLaw is also investigating whether SHOS'
Board conducted a fair process in agreeing to the proposed merger,
whether the proposed merger undervalues the Company, and whether
all material information related to the proposed merger is fully
and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
clients and obtained important corporate governance relief in many
of these cases. If you have information or would like legal
advice concerning possible corporate wrongdoing (including insider
trading, waste of corporate assets, accounting fraud, or materially
misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business
practices), or anti-trust violations, please email us at
stockinfo@weisslawllp.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-sears-hometown-and-outlet-stores-inc-acquisition-300862623.html
SOURCE WeissLaw LLP