BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors Of The Following Investigations: Varonis Systems, Inc. (Nasdaq VRNS), CCC Intelligent Solutions Holdings Inc. (Nasdaq CCC), Bumble Inc. (Nasdaq BMBL), Penske Automotive Group, Inc. (NYSE PAG)
Varonis Systems, Inc. (Nasdaq – VRNS)
Under the terms of the Merger Agreement, Varonis will be acquired by Proofpoint, Inc., a portfolio company of Thoma Bravo, for $49.75 per share in cash. The investigation concerns whether the Varonis Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.
Additional information can be found at .
CCC Intelligent Solutions Holdings Inc. (Nasdaq – CCC)
Under the terms of the Merger Agreement, CCC Intelligent Solutions will be acquired by a consortium led by GTCR and including Elliott Investment Management for $7.75 per share in cash in a transaction valuing the Company at approximately $6.1 billion. The investigation concerns whether the CCC Intelligent Solutions Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.
Additional information can be found at .
Bumble Inc. (Nasdaq – BMBL)
Under the terms of the Merger Agreement, Bumble will be acquired by Ithaca Holdings for $6.05 per share in cash in an all-cash transaction valuing the Company at $1.3 billion. The investigation concerns whether the Bumble Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.
Additional information can be found at .
Penske Automotive Group, Inc. (NYSE – PAG)
Under the terms of the Merger Agreement, Penske will be acquired by Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui & Co., Ltd., for $212.00 per share in cash to shareholders outside the acquiring group and valuing Penske at approximately $16.3 billion in enterprise value. The investigation concerns whether the Penske Automotive Group Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.
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.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment