Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TICC Capital Corp. (“TICC” or the “Company”) (NasdaqGS:TICC) for potential breaches of fiduciary duties in connection with the sale of the Company to TPG Specialty Lending for approximately $450 million in a stock transaction.
The Company’s stockholders will only receive $7.50 a share in stock for each share of TICC common stock they own. However, the offer is significantly below at least one analyst’s target price of $9.00.