NEW YORK, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sparton Corporation (“Sparton” or the “Company”) (NYSE: SPA) and its board of directors for breach of fiduciary duties and other violations in connection with the proposed sale of the Company to Cerberus Capital Management, L.P. (“Cerberus”). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/spa.

The investigation concerns whether Sparton and certain of its officers and/or directors have violated federal securities laws.

On December 12, 2018, Sparton announced that it had entered into a merger agreement to be acquired by an affiliate of Cerberus. Under the terms of the agreement, shareholders of Sparton will receive $18.50 in cash for each share of Sparton common stock. The transaction is valued at approximately $181.9 million and is expected to close in the first quarter of 2019.

If you are a Sparton shareholder and believe the proposed buyout price is too low, you can learn more about the investigation by visiting the firm’s site:  bgandg.com/spa. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com