STEEL CONNECT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Steel Connect, Inc. - STCN

Jul 06, 2022

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Steel Connect, Inc. (NasdaqCM: STCN) to Steel Partners Holdings L.P. (NYSE: SPLP). Under the terms of the proposed transaction, shareholders of Steel Connect will receive only $1.35 in cash and one contingent value right (“CVR”) for each share of Steel Connect that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

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