BALA CYNWYD, Pa., Nov. 26, 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.
Poseida Therapeutics, Inc. (Nasdaq – PSTX)
Under the terms of the agreement, Poseida will be acquired by Roche Holdings, Inc. (“Roche”) for $9.00 per share in cash at closing, plus a non-tradeable CVR to receive certain contingent payments of up to an aggregate of $4.00 per share in cash upon achievement of specific milestones. This corresponds to a total equity value of approximately $1.5 billion on a fully diluted basis. The investigation concerns whether the Poseida Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Roche is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/poseida-therapeutics-inc-nasdaq-pstx/.
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/
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