Investigation for Investors in Supreme Industries, Inc. (NYSEMKT:STS) over Possible Wrongdoing in Buyout

An investigation on behalf of investors of Supreme Industries, Inc. (NYSEMKT:STS) in connection with the proposed takeover was announced and NYSEMKT:STS stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 08/16/2017 --An investigation for investors, who currently hold shares of Supreme Industries, Inc. (NYSEMKT:STS), was announced concerning the takeover of Supreme Industries, Inc. by Wabash National Corporation for $21.00 per share.

Investors who purchased shares of Supreme Industries, Inc. (NYSEMKT:STS) and currently hold any of those NYSEMKT:STS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain directors of Supreme Industries, Inc. breached their fiduciary duties owed to NYSEMKT:STS investors in connection with the proposed acquisition.

On August 8, 2017, Supreme Industries, Inc. (NYSE MKT: STS) announced it has entered into an agreement for the Company to be acquired by Wabash National Corporation in a transaction valued at approximately $364 million. Under the terms of the agreement, Supreme Industries, Inc. (NYSEMKT:STS) stockholders would receive $21.00 per share in cash,

However, given that at least one analyst has set the high price target for NYSEMKT: STS shares at $22 per share, the investigation concerns whether the offer is unfair to NYSEMKT:STS stockholders. More specifically, the investigation concerns whether the Supreme Industries Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Supreme Industries, Inc. (NYSEMKT:STS) closed on August 15, 2017 at $20.94 per share.

Those who are current investors in Supreme Industries, Inc. (NYSEMKT:STS) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/848583