Wolf Popper LLP Investigates the Proposed Merger of Lawson Products, Inc. with TestEquity & Gexpro Services

New York, New York--(Newsfile Corp. - January 5, 2022) - Wolf Popper LLP is investigating claims on behalf of investors in Lawson Products, Inc. (NASDAQ: LAWS) concerning the proposed merger of Lawson with TestEquity and Gexpro Services. Lawson's controlling shareholder is Luther King Capital Management Corporation ("LKCM Corp."), which owns approximately 48% of Lawson's shares. LKCM Corp. has a private investment arm called LKCM Headwater Investments (Headwater) which owns TestEquity and Gexpro Services.

Under the terms of the proposed deal, all Lawson shares outstanding immediately before the deal will remain outstanding and existing Lawson shareholders will continue to hold shares in the combined company. Upon completion of the deal, affiliates of Headwater would own approximately 75% of Lawson's shares.

According to Wolf Popper partner Carl Stine, "The deal lacks sufficient protections for the company's public shareholders and seems unfair because the controlling shareholder, LKCM Corp., seems to be taking advantage of its majority position in LAWS to force a deal which appears to benefit its affiliates."

Wolf Popper is investigating potential claims on behalf of investors in Lawson concerning the transaction. Lawson shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or cstine@wolfpopper.com.

Wolf Popper has extensive experience representing investors in mergers and acquisition investigations and lawsuits. Eight Wolf Popper attorneys were named Super Lawyers or Rising Stars in the 2021 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area for the years 2014-2020. View Wolf Popper attorney biographies at www.wolfpopper.com.

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Wolf Popper LLP
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Telephone: (221) 759-4600

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Email: cstine@wolfpopper.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109129