BALA CYNWYD, Pa., Dec. 20, 2022 (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.
Maxar Technologies (NYSE - MAXR)
Under the terms of the agreement, Maxar will be acquired by Advent International (“Advent”). Advent will pay $53.00 a share in cash for all outstanding shares of Maxar, at an enterprise value of approximately $6.4 billion. The investigation concerns whether the Maxar Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Advent is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/maxar-technologies-nyse-maxr/.
Aerojet Rocketdyne Holdings, Inc. (NYSE - AJRD)
Under the terms of the agreement, Aerojet Rocketdyne will be acquired by L3Harris Technologies (“L3”) (NYSE - LHX). L3 will pay $58.00 a share in cash for all outstanding shares of Aerojet Rocketdyne, at a total value of $4.7 billion, inclusive of net debt. The investigation concerns whether the Aerojet Rocketdyne Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether L3 is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/aerojet-rocketdyne-holdings-inc-nyse-ajrd-2/.
Trean Insurance Group, Inc. (Nasdaq - TIG)
Under the terms of the agreement, Trean will be acquired by affiliates of Altaris, LLC (collectively with its affiliates, “Altaris”), which currently owns approximately 47% of Trean’s outstanding common stock. Under the terms of the agreement, Altaris will acquire all the common stock that it does not currently own for $6.15 in cash per share. The investigation concerns whether the Trean Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Altaris is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/trean-insurance-group-inc-nasdaq-tig/.
Coupa Software (Nasdaq - COUP)
Under the terms of the agreement, Coupa will be acquired by Thoma Bravo. Thoma Bravo will pay $81.00 a share in cash for all outstanding shares of Coupa, a total enterprise value of $8.0 billion. The investigation concerns whether the Coupa Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Thoma Bravo is paying too little for the Company. For example, the deal consideration is below the 52-week high of $166.21 for the Company’s shares.
Additional information can be found at https://www.brodskysmith.com/cases/coupa-software-nasdaq-coup/.
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