August 25, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Supreme Industries, Inc. (NYSEMKT:STS), was announced concerning whether the takeover of Supreme Industries, Inc. by Wabash National Corporation for $21.00 per share is unfair to NYSEMKT:STS stockholders.

The investigation by a law firm concerns whether certain officers and 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.
Supreme Industries, Inc. reported that its annual Total Revenue rose from $278.42 million in 2015 to $298.97 million in 2016 and that its Net Income increased from $12.88 million in 2015 to $19.04 million in 2016.

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