MILWAUKEE, March 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Starrett (NYSE: SCX) for possible breaches of fiduciary duty and other violations of law in its transaction with MiddleGround.

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Click here to learn how to join the https://www.ademilaw.com/case/ls-starrett-company or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

In the transaction, Starrett shareholders will receive only $16.19 per share. The transaction agreement unreasonably limits competing transactions for Starrett by imposing a significant penalty if Starrett accepts a competing bid. Starrett insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Starrett's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Starrett common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/ls-starrett-company.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP