Investors of Terran Orbital Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether the sale of Terran Orbital, Inc. (“Terran Orbital”) (NYSE: LLAP) is fair to Terran Orbital shareholders and whether the Board of Directors of Terran Orbital breached its fiduciary duties in connection with the proposed acquisition of Terran Orbital by Lockheed Martin (NYSE: LMT).
TERRAN ORBITAL INVESTORS CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
The investigation concerns whether the Board of Directors of Terran Orbital breached its fiduciary duties by failing to conduct a fair process regarding the proposed acquisition of Terran Orbital by Lockheed Martin in a deal with an enterprise value of approximately $450 million.
Under the terms of the agreement, Lockheed Martin will acquire all outstanding shares of Terran Orbital for $0.25 in cash for each outstanding share of common stock and retire its existing debt.
The transaction is expected to close in the fourth quarter of 2024.
TERRAN ORBITAL SHAREHOLDERS CAN ALSO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
