BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors Of The Following Investigations: Paramount Group, Inc. (NYSE PGRE), Tourmaline Bio, Inc. (Nasdaq - TRML), BT Brands, Inc. (Nasdaq - BTBD), Wideopenwest, Inc. (NYSE - WOW)
Tourmaline Bio, Inc. (Nasdaq - TRML)
Under the terms of the Merger Agreement, SHCO will be acquired by Novartis AG (“Novartis”) for $48.00 per share in cash at closing, or a total equity value of approximately $1.4 billion. The investigation concerns whether the Tourmaline Bio 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 .
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 .
Paramount Group, Inc. (NYSE – PGRE)
Under the terms of the Merger Agreement, Paramount Group will be acquired by Rithm Capital Corp. (“Rithm”) for $6.60 per fully diluted share, a total cash consideration of approximately $1.6 billion. The investigation concerns whether the Paramount Group 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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