BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors Of The Following Investigations: BT Brands, Inc. (Nasdaq - BTBD), Wideopenwest, Inc. (NYSE - WOW), Soho House & Co Inc. (NYSE SHCO), Workhorse Group Inc. (Nasdaq - WKHS)
BT Brands, Inc. (Nasdaq - BTBD)
Under the terms of the agreement, BT Brands will merge with Aero Velocity Inc. (“Aero Velocity”). On the closing of the transaction, Aero Velocity's stockholders are expected to own approximately 89% of the combined company, and existing BT Brands stockholders are expected to own approximately 11% of the combined company. The investigation concerns whether the BT Brands Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders.
Additional information can be found at .
Soho House & Co Inc. (NYSE – SHCO)
Under the terms of the Merger Agreement, SHCO will be acquired by an investor group led by MCR and its Chairman and CEO Tyler Morse for $9.00 per common share in an all-cash transaction that values SHCO at an enterprise value of approximately $2.7 billion. SHCO Executive Chairman Ron Burkle and the Yucaipa Companies LLC will roll their controlling equity interests in the Company and retain majority control of the business. The investigation concerns whether the SHCO Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders.
Additional information can be found at .
Workhorse Group Inc. (Nasdaq - WKHS)
Under the terms of the Merger Agreement, Workhorse will merge with Motiv Electric Trucks. Motiv's controlling investor initially will own approximately 62.5% of the combined company and Workhorse shareholders will own approximately 26.5%. The investigation concerns whether the Workhorse Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders.
Additional information can be found at .
WideOpenWest, Inc. (NYSE - WOW)
Under the terms of the agreement, WOW will be acquired by affiliated investment funds of DigitalBridge Investments, LLC and Crestview Partners (“Crestview”) for $5.20 per share in cash for each share of common stock they own. The investigation concerns whether the WOW Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders.
Additional information can be found at .
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.


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