We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Superconductor Technologies Inc. (“Superconductor” or the “Company”) (NASDAQ: SCON) with Allied Integral United, Inc. (“Clearday”). Under the terms of the merger, the pre-merger STI stockholders will own approximately 3.7% of the post-merger combined company and the pre-merger Clearday stockholders will own approximately 96.3% of the post-merger combined company, each on a fully-diluted basis, subject to adjustment as provided in the merger agreement which could increase (but not decrease) the percentage owned by STI stockholders.
The Superconductor merger investigation concerns whether the Board of Superconductor breached their fiduciary duties to stockholders by agreeing to enter into this transaction and whether the merger undervalues Superconductor relative to Clearday, thereby harming Superconductor shareholders.
To receive more information, please fill out the form.