SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Sale of Otelco Inc. to Oak Hill Capital

New York, New York--(Newsfile Corp. - July 27, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Otelco Inc. ("Otelco" or the "Company") (NASDAQ: OTEL) stock prior to July 27, 2020.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Otelco to affiliates formed by Oak Hill Capital ("Oak Hill"). Under the terms of the merger, Otelco shareholders will receive $11.75 in cash per share they own. To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/otelco-inc-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Otelco merger investigation concerns whether the Board of Otelco breached their fiduciary duties to stockholders by failing to fully explore the company's options before agreeing to enter into this transaction and whether Oak Hill is underpaying for Otelco shares, thus unlawfully harming Otelco shareholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/60565