LAWSON PRODUCTS ALERT: Bragar Eagel & Squire, P.C. Remind Investors of its Investigation of the Merger of LAWS and Encourages Investors to Contact the Firm

NEW YORK, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors of its investigation into whether the officers or directors of Lawson Products, Inc. (NASDAQ: LAWS) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with TestEquity and Gexpro Services, portfolio companies of LKCM Headwater Investments.

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On December 29, 2021, Lawson announced that it had entered into an agreement to merge with TestEquity and Gexpro in an all-stock transaction. Pursuant to the merger agreement, 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. The deal is scheduled to close in the second quarter of 2022.

On January 14, 2022, Lawson filed a Preliminary Proxy Statement recommending that stockholders vote in favor of the proposed merger with TestEquity and Gexpro. The stockholder vote date is yet to be determined.

Bragar Eagel & Squire is concerned that Lawson’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Lawson’s stockholders.

If you own shares of Lawson and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com

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