NEW YORK--(BUSINESS WIRE)--Rowley Law PLLC is investigating potential securities law violations by Otelco Inc. (NASDAQ: OTEL) and its board of directors concerning the proposed acquisition of the company by Oak Hill Capital. Stockholders will receive $11.75 in cash for each share of Otelco stock that they hold. The transaction is valued at approximately $105.6 million and is expected to close in the fourth quarter of 2020.
If you are a stockholder of Otelco Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/otelco/. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at email@example.com, or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com.
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Shane Rowley, Esq.
Rowley Law PLLC,
50 Main Street Suite 1000, White Plains, NY 10606
914-400-1920 or 844-400-4643 (toll-free)