Sparton Corporation

Investigation of a Potential Shareholder Action Concerning Sparton Corporation (NYSE: SPA)

Kessler Topaz Meltzer & Check LLP is investigating a potential action on behalf of shareholders of Sparton Corporation (“Sparton”).

About Sparton

Sparton, together with its subsidiaries, provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream.

On July 7, 2017, Sparton announced that it had agreed to be acquired by Ultra Electronics (“Ultra”).  Under the terms of the transaction, Sparton shareholders will receive $23.50 per share for each share they own.

Alleged Wrongful Conduct

Kessler Topaz Meltzer & Check LLP is investigating potential breaches of fiduciary duties by Sparton’s Board of Directors in connection with the company’s acquisition by Ultra.  Our investigation focuses on the fairness of the sale of Sparton to Ultra, and the adequacy of the consideration that Sparton’s shareholders are expected to receive in the acquisition.

If you currently own shares of Sparton Corporation (NYSE: SPA) and would like to learn more about our investigation, please fill out our online form or contact us today.

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