Kessler Topaz Meltzer & Check, LLP is investigating Steel Excel Inc. (OTC: SXCL) (“Steel Excel” or the “Company”) on behalf of the Company’s current shareholders.
About Steel Excel
Steel Excel operates in two reporting segments – Energy and Sports. Through a wholly-owned subsidiary, Steel Energy Services Ltd., the Company provides drilling and production services to the oil and gas industry. Through another wholly-owned subsidiary, Steel Sports Inc., the Company is a “social impact organization” that provides youth sports experience emphasizing positive experiences and instilling the core values of discipline, teamwork, safety, respect, and integrity. Steel Partners Holdings L.P. (“Steel Partners”) beneficially owns approximately 64% of the Company’s outstanding common stock.
Alleged Wrongful Conduct
Kessler Topaz Meltzer & Check, LLP is investigating potential breaches of fiduciary duties by the Company’s Board of Directors relating to the proposed sale of Steel Excel to Steel Partners for $17.80 per share, payable in preferred units of Steel Partners.
If you currently own shares of Steel Excel Inc. (OTC: SXCL) and would like to learn more about our investigation, please fill out our online form or contact us today at (888) 299–7706 or firstname.lastname@example.org.