NEW YORK, Dec. 29, 2023 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Lawson Products, Inc. (“Lawson” or the “Company”) (NASDAQ: LAWS), in connection with Lawson’s proposed merger with two of LKCM Headwater Investments’ (“LKCM Headwater”) portfolio companies, TestEquity and Gexpro Services, in an all-stock transaction. The affiliates of LKCM Headwater that currently own TestEquity and Gexpro Services will receive solely Lawson common stock as consideration for the transactions. Upon completion of the transaction, Lawson’s existing shareholders will own approximately 47% of the combined company, TestEquity owners will hold approximately 17%, and Gexpro Services owners will hold approximately 36% of the combined company. Notably, affiliates of LKCM Headwater currently own approximately 48% of Lawson’s outstanding shares, and upon completion of the merger, will own approximately 75% of Lawson’s shares.
If you own Lawson shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/laws
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw LLP is investigating whether (i) Lawson’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the proposed equity split is fair to Lawson stockholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP
