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Alaska Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
November 4, 2020
Tags: United States Alaska Macquarie GCM Corporate Affairs Mergers & Acquisitions
A group of Alaska Communications Systems shareholders are attempting to block the $300 million purchase of the company by Macquarie Capital and GCM Grosvenor. Under terms of the definitive merger agreement, Macquarie and GCM, will acquire the outstanding shares in the company for $3.00 per share.
The deal would represent a hefty premium of approximately 57% to the preceding day. The deal is slated to close next year, pending approval by regulators and a majority of Alaska shareholders.
The shareholders allege that the purchase price of $3.00 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. Indeed, the book value alone of the company is worth $3.17 per share and the company has over $45 million of cash on its books (or $0.83) which the buyers will use to offset the sale. In addition, shareholders allege that senior management of Alaska obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
Alaska investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of Alaska for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037.
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Eastman Kodak Shareholders Seek to Recover their Losses (Deadline to Join) - Business Journal
New York, New York--(Business Journal. - September 4, 2020) - Tripp Levy PLLC, a global investor rights law firm, announces that a group of current shareholders of Eastman Kodak Company (NYSE: KODK) who have purchased the shares since at least May, 2020 are seeking to recover damages from their losses. Their is no cost or expense to participate with other shareholders.
The shareholders allege that Kodak failed to disclose that the Company had granted several insiders millions of dollars' worth of stock options, immediately prior to the Company publicly disclosing that it had received a $765 million loan from the U.S. International Development Finance Corporation to produce drugs to treat COVID-19, which they knew would cause Kodak's stock to immediately increase in value once the deal was announced. In addition, while in possession of this material non-public information, Company insiders purchased tens of thousands of the Company's shares immediately prior to the announcement, again at prices that they knew would increase once news of the loan became public. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased shares of Kodak since at least May 2020 and currently hold the shares you are eligible to participate at no cost or expense to you with other shareholders to obtain a recovery. The deadline to participate is fast approaching, however. If you would like to join please contact us toll free at 800 511 7037
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Shareholders Seek to File Lawsuit Against EBAY Directors
NEW YORK, June 29, 2020 /Business Journal/ -- Tripp Levy PLLC is investigating potential claims against members of the board of directors of eBay Inc. (Nasdaq: EBAY), concerning what The Wall Street Journal described as "a weekslong harassment campaign" against the authors of an eBay-themed newsletter, "that included threatening emails and tweets, fake Craigslist posts" and "mysterious deliveries," and other dirty tricks. That campaign led a Massachusetts U.S. attorney's office to charge six former eBay executives and employees with various crimes.
Tripp Levy's investigation also includes the payment of a $57 million exit package to the Company's former CEO, despite his being dismissed, at least in part, because of the Company's internal investigation into these same dirty tricks.
Shareholders of eBay seeking more information about Tripp Levy's investigation can contact (800) 511-7037 or contact@tripplevy.com.
Tripp Levy has extensive experience representing investors in corporate governance and derivative lawsuits.
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Grubhub Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
June 11, 2020
Tags: United States Grubhub Just Eat Takeaway Corporate Affairs Mergers & Acquisitions
A group of Grubhub Inc. shareholders are attempting to block the $7.3 billion purchase of the company by Just Eat Takeaway.com. Under terms of the definitive merger agreement, this is an all-share deal, where Grubhub shareholders will get 0.6710 Just Eat Takeaway.com ordinary shares in exchange for each Grubhub share, representing an implied value of $75.15 for each Grubhub share (based on the undisturbed closing price of Just Eat Takeaway.com on June 9, 2020 of €98.602). This gives Grubhub a total equity consideration (on a fully diluted basis) of $7.3 billion.
The deal would represent a modest premium of approximately 6% to the preceding day. The deal is slated to close by end of the year, pending approval by regulators and a majority of Grubhub shareholders.
The shareholders allege that the purchase price is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of Grubhub obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders. Further, shareholders allege that management is selling the company while the stock price is depressed as a result of the COVID-19 pandemic and that they are not getting an appropriate premium based upon the company's true inherent value. Indeed, the stock price traded above the buyout price within the past year alone.
Grubhub investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of Grubhub for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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ZAGG Shareholders Upset Over Strategic Review Process (Seek to file Lawsuit)- (via Business Journal)
March 24, 2020
Tags: United States ZAGG Affairs Mergers & Acquisitions
A group of ZAGG, Inc. shareholders are upset with the Board of Directors of the Company for suspending its review of strategic alternatives that commenced on August 6, 2019 . At the time of the review, the stock was trading at almost $7 per share. Following the decision of the Board to terminate the review, the stock fell below $3 per share.
The shareholders allege that the Board breached their fiduciary duties to shareholders by engaging in a flawed process. In addition, shareholders allege that insiders of ZAGG may have obtained personal benefits for their own self interests as a result of the flawed sale resulting in a depressed stock price to which certain member(s) have since acquired shares for their own personal interests.
ZAGG investor relations did not immediately respond to requests for a comment.
If you purchased shares of ZAGG prior to August 6, 2019 and still own some of those shares and you have suffered a loss on your investment, you are eligible to contact the law firm on behalf of shareholders of ZAGG for more information as to how you can participate with other shareholders in seeking to potentially recover your losses at no cost or expense. Contact the law firm Tripp Levy PLLC toll free at 800.511.7037 or email at contact @ tripplevy.com
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GAIN Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
February 27, 2020
Tags: United States GAIN Capital INTL FCStone Corporate Affairs Mergers & Acquisitions
A group of GAIN Capital Holdings, Inc. shareholders are attempting to block the $236 million purchase of the company by INTL FCStone Inc. Under terms of the definitive merger agreement, INTL will acquire GAIN for $6.00 per share.
The deal would represent a modest premium of approximately 12% to to GAIN's tangible book value. The deal is slated to close mid-year, pending approval by regulators and a majority of GAIN's shareholders.
The shareholders allege that the purchase price of $6.00 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of GAIN obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
GAIN Capital investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of GAIN for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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Care.com Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
December 23, 2019
Tags: United States Care.com IAC Corporate Affairs Mergers & Acquisitions
A group of Care.com, Inc. shareholders are attempting to block the $500 million purchase of the company by IAC.. Under terms of the definitive merger agreement, IAC will acquire the outstanding shares for $15 per share.
The shareholders allege that the purchase price of $15 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of Care.com obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
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Care.com investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of Care.com for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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TD Ameritrade Shareholders File Lawsuit - Deadline for Shareholders to Join (via Business Journal)
December 19, 2019
Tags: United States TD Ameritrade Charles Schwab Corporate Affairs Mergers & Acquisitions
A group of TD Ameritrade Holding Corporation shareholders have filed a lawsuit alleging that the merger consideration is unfair.
Under the terms of the definitive merger agreement, TD Ameritrade shareholders will receive only 1.0837 shares of Charles Schwab stock for each share of TD Ameritrade common stock owned. This exchange ratio implied a deal price of $52.23 as of the last day of trading before the announcement. The TD Ameritrade shareholders have also alleged that TD Ameritrade directors have breached their fiduciary duties to shareholders. The shareholders contend that Charles Schwab should acquire the stock for no less than $60 per share. The shareholders further contend that the board is not acting for the benefit of shareholders but rather for their own self interests.
The lawsuit is seeking class action status and shareholders of TD Ameritrade who would like to participate with other shareholders in seeking to obtain a higher price are encouraged to contact the law firm representing shareholders before the deadline. There is no cost or expense for shareholders to participate, and in the event the lawsuit is unsuccessful, shareholders will still be entitled to receive the existing merger consideration assuming the transaction closes. Shareholders are encouraged to email at contact@tripplevy.com or call toll free at 800-511-7037
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LogMeIn Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
December 17, 2019
Tags: United States LogMeIn Francisco Evergreen Corporate Affairs Mergers & Acquisitions
A group of LogMeIn, Inc. shareholders are attempting to block the $4.3 billion purchase of the company by private equity firms Francisco Partners and Evergreen Coast Capital Corporation.. Under terms of the definitive merger agreement, Francisco and Evergreen will acquire the outstanding shares for $86.05 per share.
The shareholders allege that the purchase price of $86.05 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of LogMeIn obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
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LogMeIn investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of LogMeIn for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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Diplomat Pharmacy Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
December 9, 2019
Tags: United States Diplomat UnitedHealth Corporate Affairs Mergers & Acquisitions
A group of Diplomat Pharmacy, Inc. shareholders are attempting to block the $300 million purchase of the company by UnitedHealth Group Inc. Under terms of the definitive merger agreement, UnitedHealth will acquire the outstanding shares of Diplomat common stock for $4 per share.
The deal would represent a hefty discount of approximately 31% to the preceding trading day. The deal is slated to close next year, pending approval by regulators and a majority of Diplomat shareholders.
The shareholders allege that the purchase price of $4 per share is insufficient and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of Diplomat obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
Diplomat's investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of Diplomat for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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AVX Shareholders Upset Over Takeover Bid - (via Business Journal)
December 5, 2019
Tags: United States AVX Kyocera Corporate Affairs Mergers & Acquisitions
A group of AVX Corporation shareholders are attempting to block the purchase of the company by Kyocera Corporation. Kyocera, which owns a 72% stake in AVX, is seeking to acquire the remaining shares in the company that it does not already own for $19.50 per share.
The deal would represent a premium of approximately 29% to the preceding day's closing prior to the announcement.
The shareholders allege that the purchase price of $19.50 per share is insufficient in light of the company's growth prospects. In addition, shareholders allege that senior management and directors of AVX will obtain personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
Six of the nine directors of AVX are current executive officers of Kyocera. Kyocera said that it will not allow a sale of AVX to a competing bidder.
AVX investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of AVX for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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AK Steel Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
December 3, 2019
Tags: United States Cleveland-Cliffs AK Steel Corporate Affairs Mergers & Acquisitions
A group of AK Steel Holding Corp. shareholders are attempting to block the $1.1 billion purchase of the company by Cleveland-Cliffs Inc.. Under terms of the definitive merger agreement, AK Steel shareholders will receive 0.40 shares of Cliffs common stock for each outstanding share of AK Steel common stock they own. The fixed exchange ratio implies a consideration of $3.36 per share of AK Steel common stock.
The deal would represent a premium of approximately 16% based on the closing share prices of Cliffs and AK Steel common shares, respectively, as of December 2, 2019. The deal is slated to close in the first half of 2020, pending approval by regulators and shareholders of both companies.
The shareholders allege that the purchase price of $3.36 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of AK Steel obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
AK Steel investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of AK Steel for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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Craft Brew Shareholders File Lawsuit - Deadline for Shareholders to Join (via Business Journal)
November 22, 2019
Tags: United States Craft Brew Anheuser Busch Inbev Corporate Affairs Mergers & Acquisitions
A group of Craft Brew Alliance shareholders have filed a lawsuit alleging that the $16.50 per share bid by Anheuser-Busch Inbev NV to acquire the remaining shares of Craft Brew Alliance, Inc. that it does not already own is unfair and that Craft Brew directors have breached their fiduciary duties to shareholders. The shareholders contend that AB should acquire the stock for no less than $24.50 per share, which was the price that parties agreed to recently. The shareholders further contend that the board is not acting for the benefit of shareholders but rather for their own self interests.
The lawsuit is seeking class action status and shareholders of Craft Brew who would like to participate with other shareholders in seeking to obtain a higher price are encouraged to contact the law firm representing shareholders before the deadline. There is no cost or expense for shareholders to participate, and in the event the lawsuit is unsuccessful, shareholders will still be entitled to receive the $16.50 per share price consideration assuming the transaction closes. Shareholders are encouraged to email at contact@tripplevy.com or call toll free at 800-511-7037
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BTW, I found some very interesting information to support the theory that AB waited on its offer to buy the company after its option expired which resulted in the stock tanking. Once expired they then immediately made the offer saving AB about $100 million.
"As part of an existing commercial pact, which dates back to 2016, AB InBev already distributes a broad range of Craft Brew’s brands through its network of independent wholesalers. Additionally, the deal had an option for AB InBev to buy all stakes in Craft Brew for $22 per share at the end of the first year of the deal, $23.50 at the end of two years and $24.50 at the end of three years.
However, in August 2019, AB InBev exercised its option to not buy the remaining stakes in Craft Brew for a one-time fee of $20 million. This has led to a significant decline in the share price of the latter in the past two months."
suggest all shareholders join in the lawsuit. Here is law firm info I got from one of the press releases 800.511.7037 or contact@tripplevy.com
Craft Brew Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
November 12, 2019
Tags: United States Craft Brew Anheuser Busch Inbev Corporate Affairs Mergers & Acquisitions
A group of Craft Brew Alliance shareholders are attempting to block the $321 million purchase of the company by brewer Anheuser-Busch Inbev NV. Under terms of the definitive merger agreement, Anheuser-Busch, which owns 31.2% stake in Craft Brew, will acquire the remaining shares in the company that it does not already own for $16.50 per share.
The deal would represent a hefty premium of approximately 122% to the preceding day. The deal is slated to close next year, pending approval by regulators and a majority of CBA shareholders not affiliated with A-B, officials said.
In August, A-B passed on an opportunity to buy all of CBA's remaining stock at $24.50 per share (about $328 million) or walk away from the deal with a one-time fee of $20 million. At the time, A-B said it would retain its nearly one-third stake in CBA. The shareholders allege that the purchase price of $16.50 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of Craft Brew obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
Most of CBA's brands, which include Kona Brewing, Widmer Brothers, Redhook and Appalachian Mountain Brewery, already are distributed through A-B's independent wholesaler network. The companies have a commercial agreement, including distribution and brewing agreements, until 2028.
Craft Brew did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of Craft Brew for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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Investigation on Behalf of Option holders of Kraft (via Business Journal)
October 23, 2019
Tags: Kraft United States Corporate
An investigation is being conducted on behalf of option holders of The Kraft Heinz Company. Specifically, holders who bought call options or sold put options prior to February 21, 2019 and have suffered losses on their investment are encouraged to contact the prominent securities law firm of Tripp Levy PLLC at 800.511,7037 or contact@tripplevy.com. There is no cost or expense in your participation to recover your losses.
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Caesars Shareholders File Lawsuit Over Merger Bid - (via Business Journal)
September 19, 2019
Tags: Caesars Eldorado United States Corporate Affairs Mergers &Acquisitions
A group of Caesars Entertainment Corporation shareholders are attempting
to block the purchase of the company by Eldorado Resorts, Inc.
The shareholders allege that the purchase price of $8.40 per share in cash and 0.0899 shares of Eldorado common stock for each share of Caesars common stock is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management of Caesers obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
Caesers did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Caesers for more information as to how you can participate at no cost or expense call toll free 800.511.7037
or contact@tripplevy.com
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Castle Brands Shareholders File Lawsuit Over Merger Bid - (via Business Journal)
September 11, 2019
Tags: Castle Brands Pernod Ricard United States Corporate Affairs Mergers &Acquisitions
A group of Castle Brands Inc. shareholders are attempting
to block the $223 million purchase of the company by Pernod Ricard.
The shareholders allege that the purchase price of $1.27 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management of Castle Brands obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
Castle Brands did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Castle Brands for more information as to how you can participate at no cost or expense call toll free 800.511.7037
or contact@tripplevy.com
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Osiris Shareholders Upset Over Merger Bid - (via Business Journal)
March 12, 2019
Tags: NewsPoints Osiris Smith & Nephew United States Corporate Affairs Mergers &
Acquisitions
A group of Osiris Therapeutics Inc. shareholders are attempting
to block the $660.5 million purchase of the company by Smith & Nephew plc.
The shareholders allege that the purchase price of $19 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that Osiris senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Osiris Therapeutics did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Osiris Therapeutics for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Bristow Group Shareholders Seek To Recover Their Losses - (via Business Journal)
February 12, 2019
Tags: NewsPoints Bristow Group United States Corporate Affairs
A group of Bristow Group Inc. shareholders are seeking to recover their losses as a result of financial accounting irregularities by the Company.
The Company has stated that it has breached its non-financial covenants with certain of its secured financing and lease agreements. Indeed, the Company is specifically evaluating whether certain debt balances should be reclassified from long-term to short-term in its 2018 financial statements, whether related waivers can be obtained from lenders, if necessary, and the resulting impact on the assessment of the Company’s ability to continue as a going concern.
Following this announcement, the Company’s stock has declined 35% from its close on February 11, 2019.
Bristow Group shareholders who purchased the Company’s stock during the period February 8, 2018 through February 11, 2019, and who suffered losses on their purchases are seeking to recover their losses as a result of the material financial misstatements made by the Company.
Bristow Group did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Bristow Group for more information as to how you recover your losses at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
Red Hat Shareholders Upset Over Merger Bid - (via Business Journal)
December 5, 2018
Tags: NewsPoints Red Hat IBM United States Corporate Affairs Mergers &
Acquisitions
A group of Red Hat, Inc. shareholders are attempting
to block the $34 billion purchase of the company by IBM.
The shareholders allege that the purchase price of $190 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management of Red Hat obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Red Hat did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Red Hat for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Sodastream Shareholders Upset Over Merger Bid - (via Business Journal)
August 20, 2018
Tags: NewsPoints Sodastream PepsiCo United States Corporate Affairs Mergers &
Acquisitions
A group of Sodastream International Ltd. shareholders are attempting
to block the $3.2 billion purchase of the company by PepsiCo
The shareholders allege that the purchase price of $144 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Sodastream did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Sodastream for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Zoe’s Kitchen Shareholders Upset Over Merger Bid and Seek a Higher Price - (via Business Journal)
August 17, 2018
Tags: NewsPoints Zoe’s Kitchen CAVA United States Corporate Affairs Mergers &
Acquisitions
A group of Zoe’s Kitchen, Inc. shareholders are attempting
to block the $300 million purchase of the company by Cava Group Inc.
The shareholders allege that the purchase price of $12.75 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. Indeed the book value of the company alone is less than 2x the acquisition price and the stock hit a high of $17.65 per share this past year. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Zoe’s Kitchen did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Zoe’s Kitchen for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Bemis Shareholders Upset Over Merger Bid and Seek a Higher Price
August 15, 2018
Business Journal
Tags: NewsPoints Bemis Amcor United States Corporate Affairs Mergers & Acquisitions
A group of Bemis Company shareholders are attempting
to block the purchase of the company by Amcor Limited.
The shareholders allege that the purchase price of 5.1 shares of Amcor stock for each share of Bemis (or an implied value of $54 per share) is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Bemis did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Bemis for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Jamba Shareholders Upset Over Merger Bid and Seek Higher Price - (via NewsPoints Desk)
August 2, 2018
Tags: NewsPoints Jamba Focus Brands United States Corporate Affairs Mergers &
Acquisitions
A group of Jamba Inc. shareholders are attempting
to block the $200 million purchase of the company by Focus Brands Inc.
The shareholders allege that the purchase price of $13 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Jamba did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Jamba for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Analogic Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
April 11, 2018
Tags: NewsPoints Analogic Altaris Capital United States Corporate Affairs Mergers &
Acquisitions
A group of Analogic Corporation shareholders are attempting
to block the $1.1 billion purchase of the company by Altaris Capital Partners LLC.
The shareholders allege that the purchase price of $84 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. Indeed, the stock reached a high of $101.80 per share this past year alone. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Analogic did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Analogic for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Willbros Shareholders Upset Over Merger Bid - (via Business Journal)
March 29, 2018
Tags: NewsPoints Willbros Primoris United States Corporate Affairs Mergers &
Acquisitions
A group of Willbros Group Inc. shareholders are attempting
to block the purchase of the company by Primoris Services Corporation.
The shareholders allege that the purchase price of $0.60 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Willbros did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Willbros for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Oclaro Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
March 14, 2018
Tags: NewsPoints Oclaro Lumentum United States Corporate Affairs Mergers &
Acquisitions
A group of Oclaro, Inc. shareholders are attempting
to block the purchase of the company by Lumentum Holdings Inc.
The shareholders allege that the purchase price of $5.60 per share in cash and 0.636 of a share of Lumentum (representing an implied price of $9.99 per share) is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Oclaro did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Oclaro for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Xerox Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
February 12, 2018
Tags: NewsPoints Xerox Fuji United States Corporate Affairs Mergers &
Acquisitions
A group of Xerox Corportion. shareholders are attempting
to block the merger of the company by FujiFilm Holdings Corporation.
The shareholders allege that the merger price of a $2.5 billion special cash dividend or approximately $9.80 per share, funded from the combined company’s balance sheet, where Xerox shareholders will own 49.9% of the combined company and Fuji will own 50.1% is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Xerox did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Xerox for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Cascadian Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
January 31, 2018
Tags: NewsPoints Cascadian Seattle Genetics United States Corporate Affairs Mergers &
Acquisitions
A group of Cascadian Therapeutics Inc. shareholders are attempting
to block the $300 million purchase of the company by Seattle Genetics.
The shareholders allege that the purchase price of $10 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. Indeed the company has over $100 million of cash on its balance sheet or $2 cash per share and no debt. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Cascadian did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Cascadian for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
SHAREHOLDER ALERT: National Law Firm Notifies Investors of an Investigation Involving Possible Securities Fraud Violations
New York, New York – Tripp Levy PLLC announces it has commenced an investigation of Newell Brands Inc. (NYSE: NWL) concerning possible violations of federal securities laws. Shareholders who purchased the stock since August 2017 and suffered a loss on their investment are eligible to participate in the action to potentially recover their losses at no cost.
Newell Brands stock plunged more than 20 percent after the Rubbermaid maker said it may sell off assets. The company said it will explore strategic options for at least 10 of its industrial and consumer businesses. They include: Waddington, Process Solutions, Rubbermaid Commercial Products, Rawlings, Goody, Rubbermaid Outdoor and U.S. Playing Cards. Newell shares have lost more than 32 percent in the new year. In addition, Martin Franklin announced his resignation Thursday from the board, as did Ian G.H. Ashken and Domenico De Sole.
If you are a shareholder of Newell and would like additional information as to you may be eligible to recover your losses for your shares at no cost, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
Attorney advertising. Prior results do not indicate a similar outcome.
U.S. Geothermal Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
January 24, 2018
Tags: NewsPoints U.S. Geothermal Ormat United States Corporate Affairs Mergers &
Acquisitions
A group of U.S. Geothermal Inc. shareholders are attempting
to block the $110 million purchase of the company by Ormat Technologies Inc.
The shareholders allege that the purchase price of $5.45 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. Indeed the book value of the company alone is $5.42 per share. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
U.S. Geothermal did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
U.S. Geothermal for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Idera Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
January 22, 2018
Tags: NewsPoints Idera BioCryst United States Corporate Affairs Mergers &
Acquisitions
A group of Idera Pharmaceuticals shareholders are attempting
to block the purchase of the company by BioCryst Pharmaceuticals in its attempt to form a new company along with Idera Pharmaceuticals.
The shareholders allege that the purchase price in which Idera shareholders will receive 0.20 shares of the new company’s stock per share, while BioCryst shareholders will receive 0.50 shares of the new company’s stock per share, and where BioCryst shareholders will own 51.6% of the stock in the post-merger entity is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.
Idera did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Idera for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or contact@tripplevy.com
Aerohive Shareholders Seek to Recover Losses - (via NewsPoints Desk)
January 17, 2018
Tags: NewsPoints Aerohive United States Corporate Affairs
A group of Aerohive Networks shareholders are seeking to recover their losses
after the company announced that it had sales execution issues in its fourth quarter
2017. Shareholders who purchased since August 2017 and suffered losses
on their purchases of Aerohive Networks stock are eligible to participate in
the action. The shareholders allege that the company made materially false
and misleading statements regarding its sales practices and/or did not disclose
these material facts when they were known. As a result, shareholders
who acquired the stock since August 2017 and suffered losses on their
purchases are eligible to participate in an action, at no cost, to potentially
recover their losses.
Aerohive did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Aerohive for more information as to how you can participate
call toll free 800.511.7037 or contact@tripplevy.com
Sucampo Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
December 28, 2017
Tags: NewsPoints Sucampo Mallinkrodt United States Corporate Affairs Mergers & Acquisitions
A group of Sucampo Pharmaceuticals Inc. shareholders are attempting
to block the $1.2 billion purchase of the company by Mallinkrodt plc.
The shareholders allege that the purchase price $18 per share is insufficient in light of the company's growth
prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests
in agreeing to sell the company that are not being shared with common stockholders.
Sucampo did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Sucampo for more information as to how you can participate
with shareholders to get a higher price at no cost or expense
call toll free 800.511.7037 or contact@tripplevy.com
Ocera Therapeutics Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
November 2, 2017
Tags: NewsPoints Ocera Mallinckrodt United States Corporate Affairs Mergers &Acquisitions
A group of Ocera Therapeutics Inc. shareholders are attempting
to block the $42 million purchase of the company by Mallinckrodt plc.
The shareholders allege that the purchase price of $1.52 per share (approximately $42 million), plus one Contingent Value Right to receive one or more payments in cash of up to $2.58 per share (up to approximately $75 million) based on the successful completion of certain development and sales milestones is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management of Ocera Therapeutics obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
Ocera Thereapeutics did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Ocera Therapeutics for more information call toll free 800.511.7037
or contact@tripplevy.com
National Law Firm Investigates Claims that the Proposed Transaction between J. Alexander's Holdings, Inc. and 99 Restaurants, LLC Would Not Be In the Best Interests of JAX's Public Investors
NEW YORK, Oct. 19, 2017 /-- Tripp Levy PLLC a national shareholder rights law firm is investigating claims on behalf of investors in J. Alexander's Holdings, Inc. (JAX), concerning JAX's acquisition of 99 Restaurants, LLC, a company owned by Fidelity National Financial, Inc. (FNFV), in an all-stock transaction. Investment firm Marathon Partners Equity Management, LLC, questions the deal because, among other things: (1) all six JAX board members are affiliated with FNFV; (2) after the transaction, FNFV's interest in JAX will increase from approximately 11% to over 52%; and (3) Marathon estimates the value of JAX to be between $13 and $15 per share, instead of the $11 per share JAX's Board used as the basis for the transaction.
JAX shareholders seeking more information about the transaction and how they may be eligible to obtain additional consideration for their shares can contact 800.511.7037 or contact@tripplevy.com
Ruby Tuesday Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
October 16, 2017
Tags: NewsPoints Ruby Tuesday NRD United States Corporate Affairs Mergers & Acquisitions
Ruby Tuesday, Inc. shareholders are upset with the offer price and are attempting to block the $335 million purchase of the company by private equity firm NRD Capital.
The shareholders accuse Ruby’s board of breach of fiduciary duties, arguing that the purchase price is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders
allege that Ruby senior management may have received personal benefits for their own self interests in agreeing to sell the company that are not being shared by common stockholders.
Ruby did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Ruby for more information call toll free 800.511.7037 or contact@tripplevy.com
Rockwell Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
September 5, 2017
Tags: NewsPoints Rockwell Collins United Technologies United States Corporate Affairs Mergers &
Acquisitions
Rockwell Collins, Inc. shareholders are upset at the acquisition of the company and are attempting
to block the $30 billion purchase of the company by United Technologies Inc.
The shareholders accuse Rockwell's board of breach of fiduciary duties, arguing that the purchase price is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company.
Rockwell did not immediately respond to requests for a comment.
To contact the law firm handling the matter on behalf of shareholders of Rockwell who are seeking a higher price for their shares at no costt for more information call toll free 800.511.7037 or contact@tripplevy.com
Kite Pharma Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
August 28, 2017
Tags: NewsPoints Kite Gilead United States Corporate Affairs Mergers &
Acquisitions
Kite Pharma Inc. shareholders are upset and will seek
to block the $11.9 billion purchase of the company by Gilead Sciences.
The shareholders accuse Kite’s board of breach of fiduciary duties, arguing
that the purchase price is insufficient in light of the company's growth
prospects and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders
allege that senior management obtained personal benefits in agreeing to sell
the company to Gilead that are not being shared with common stockholders.
Kite did not immediately respond to requests for a comment.
To contact the law firm handling the matter on behalf of shareholders of
Kite for more information call toll free 800.511.7037
or contact@tripplevy