SHAREHOLDER ALERT: Wohl & Fruchter Investigating the Merger of Parametric
Sound Corporation and Turtle Beach
NEW YORK -- August 6, 2013
The law firm of Wohl & Fruchter LLP is investigating the proposed merger of
Parametric Sound Corporation (Parametric) (NASDAQ: PAMT) and VTB Holdings,
Inc. (Turtle Beach).
On August 5, 2013, Parametric and Turtle Beach announced they had entered into
an agreement to merge in a stock for stock transaction. Under the terms of the
agreement, former Turtle Beach stockholders are expected to own approximately
80 percent of the combined company’s shares, and Parametric stockholders are
expected to own approximately 20 percent of the combined company’s shares.
Wohl & Fruchter’s investigation concerns the fairness of the transaction from
the standpoint of Parametric shareholders, and whether the board of directors
of Parametric breached their fiduciary duties to Parametric shareholders in
approving the transaction.
Additional information, including copies of the proxy and other materials
filed by Parametric with the Securities & Exchange Commission, is available
Persons with relevant information, and Parametric shareholders with questions
about this investigation, are invited to contact our Firm by calling
866.833.6245, or contacting the attorney below.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and
other fiduciary breaches by corporate managers, as well as other complex
litigation matters. Please visit our website, www.wohlfruchter.com, to learn
more about our Firm, or contact one of our partners.
This release may be deemed to constitute attorney advertising.
Wohl & Fruchter LLP
J. Elazar Fruchter
866-833-6245 or 845-425-4658
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