Faruqi & Faruqi Investigation: TeleCommunication Systems Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TeleCommunication Systems Inc. (“TeleCommunication” or the “Company”) (NasdaqGS:TSYS) for potential breaches of fiduciary duties in connection with the sale of the Company to Comtech Telecommunications Corp. for approximately $430.8 million in a cash transaction.
The Company’s stockholders will only receive $5.00 for each share of TeleCommunication common stock they own. However, at least one analyst has set a price target for TeleCommunication stock at $6.00 per share.
If you own common stock in TeleCommunication and wish to obtain additional information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.