BALA CYNWYD, Pa., Jan. 16, 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.
Carrols Restaurant Group, Inc. (Nasdaq - TAST)
Under the terms of the agreement, Carrols will be acquired by Restaurant Brands International Inc. (“RBI”) (NYSE: QSR). Carrols shareholders will receive $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion. The investigation concerns whether the Carrols Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether RBI is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/carrols-restaurant-group-inc-nasdaq-tast/.
Ansys, Inc. (Nasdaq - ANSS)
Under the terms of the agreement, Ansys will be acquired by Synopsys (Nasdaq - SNPS). Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on December 21, 2023. Ansys shareholders are expected to own approximately 16.5% of the combined company on a pro forma basis. The investigation concerns whether the Ansys Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Synopsys is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/ansys-inc-nasdaq-anss/.
HomeStreet, Inc. (Nasdaq - HMST)
Under the terms of the agreement, HomeStreet will be acquired by FirstSun Capital Bancorp (“FirstSun” (OTCQX - FSUN)).The companies will combine in an all-stock transaction in which HomeStreet shareholders will receive 0.4345 of a share of FirstSun common stock for each share of HomeStreet common stock which represents a value of $14.75 per share. The investigation concerns whether the HomeStreet Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether FirstSun is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/homestreet-inc-nasdaq-hmst/.
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