BALA CYNWYD, Pa. , Nov. 04, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Aerovate Therapeutics, Inc. (Nasdaq - AVTE)
Under the terms of the agreement, Aerovate will be acquired by Jade Biosciences (“Jade”). Pre-merger Aerovate stockholders are expected to own approximately 1.6% of the combined company, while pre-merger Jade stockholders — including those investors participating in the pre-closing financing — are expected to own approximately 98.4% of the combined entity. The investigation concerns whether Aerovate Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Jade is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/aerovate-therapeutics-inc-nasdaq-avte/.
Air Transport Services Group, Inc. (Nasdaq– ATSG)
Under the terms of the Merger Agreement, Air Transport will be acquired by Stonepeak for $22.50 per share in cash in a deal with an enterprise value of $3.1 billion. The investigation concerns whether the Air Transport Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Stonepeak is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/air-transport-services-group-inc-nasdaq-atsg/.
Micropac Industries, Inc. (OTC - MPAD)
Under the terms of the agreement, Micropac will be acquired by Teledyne for $20.00 per share in cash. The investigation concerns whether the Micropac Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Teledyne is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/micropac-industries-inc-otc-mpad/
Outbrain Inc. (Nasdaq - OB)
Under the terms of the agreement, Outbrain will acquire Teads by issuing 35 million shares. The investigation concerns whether the Outbrain Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal is unreasonably dilutive to Outbrain shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/outbrain-inc-nasdaq-ob/,.
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