NEW YORK, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of SORL Auto Parts, Inc. ( SORL) to Ruili International Inc., formed on behalf of a consortium consisting of SORL’s Chairman and Chief Executive Officer, certain directors of SORL, and Ruili Group Co., Ltd. (collectively, the “Consortium”), and Ruili International Merger Sub Inc. (“Merger Sub”) for $4.72 per share is fair to SORL shareholders. On behalf of SORL shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
If you are a SORL shareholder and would like to discuss your legal rights and options, please visit SORL Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
The SORL merger investigation concerns whether SORL and members of its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for SORL shareholders; (2) determine whether the Consortium and Merger Sub are underpaying for SORL; and (3) disclose all material information necessary for SORL shareholders to adequately assess and value the merger consideration.
If you are a SORL shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/sorl-auto-parts-inc-stock-merger-ruili-consortium/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com
