Wolf Popper LLP Investigates the Proposed Acquisition of StarTek, Inc.by CSP Management Limited
NEW YORK, January 5, 2022
Wolf Popper LLP is investigating claims on behalf of investors in StarTek, Inc. (NYSE: SRT) concerning the proposed acquisition of StarTek by CSP Management Limited, which owns approximately 55.3% of the issued and outstanding StarTek common shares. Under the terms of the proposed acquisition, StarTek shareholders would receive $5.40 for each share of common stock they hold, which is below StarTek’s 52-week average and high stock prices of $6.77 and $9.19 per share, respectively.
According to Wolf Popper partner Carl Stine, “It’s questionable whether this self-dealing transaction is fair in light of the insufficient protections afforded the company’s public shareholders. Also, the acquisition price of $5.40 per share seems unfair when compared with analyst price targets as high as $8.00 and $9.50 per share.”
Wolf Popper is investigating potential claims on behalf of investors in StarTek concerning the transaction. StarTek shareholders seeking more information about the transaction or Wolf Popper’s investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.
Wolf Popper has extensive experience representing investors in mergers and acquisition investigations and lawsuits. Eight Wolf Popper attorneys were named Super Lawyers or Rising Stars in the 2021 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area for the years 2014-2020. View Wolf Popper attorney biographies at www.wolfpopper.com.
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