BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors Of The Following Investigations: Potbelly Corporation (Nasdaq - PBPB), Vimeo, Inc. (Nasdaq - VMEO), Air Lease Corporation (NYSE AL), Vital Energy, Inc. (NYSE VTLE)
Potbelly Corporation (Nasdaq - PBPB)
Under the terms of the agreement, Potbelly will be acquired by RaceTrac, Inc. (“RaceTrac”) in an all-cash transaction with an equity value of approximately $566 million. Potbelly shareholders will receive $17.12 per share in cash for each share of Potbelly stock that they own. The investigation concerns whether the Potbelly 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 .
Vimeo, Inc. (Nasdaq - VMEO)
Under the terms of the Merger Agreement, Vimeo will be acquired by Bending Spoons, in an all-cash transaction valued at approximately $1.38 billion. Vimeo shareholders will receive $7.85 per share in cash for each share of Vimeo capital stock that they own. The investigation concerns whether the Vimeo 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 .
Air Lease Corporation (NYSE – AL)
Under the terms of the Merger Agreement, Air Lease will be acquired by a holding company whose shares are held by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo managed funds and Brookfield. Air Lease stockholders will receive $65.00 in cash for each share of Class A common stock of Air Lease, representing a total valuation of approximately $7.4 billion. The investigation concerns whether the Air Lease 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 .
Vital Energy, Inc. (NYSE – VTLE)
Under the terms of the Merger Agreement, Vital Energy will be acquired by Crescent Energy Company (NYSE - CRGY) (“Crescent”). Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each share of Vital common stock, in an all-stock transaction valued at approximately $3.1 billion. The investigation concerns whether the Vital Energy 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. For example, the deal consideration is below the 52-week high of $37.33 for the Company's shares.
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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