SEACHANGE ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of SEAC and Encourages Investors to Contact the Firm
NEW YORK, Dec. 27, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of SeaChange International, Inc. (NASDAQ: SEAC) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Triller Hold Co LLC (“TrillerVerz”).
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On December 22, 2021, SeaChange announced that it had entered into an agreement to be acquired by TrillerVerz. Pursuant to the merger agreement, SeaChange and TrillerVerz will combine with SeaChange stockholders owning approximately 2.3% of the surviving company and the holders of TrillerVerz owning approximately 97.7% of the surviving company. The deal is scheduled to close in the first quarter of 2022.
Bragar Eagel & Squire is concerned that SeaChange’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for SeaChange’s stockholders.
If you own shares of SeaChange and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at firstname.lastname@example.org or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.