BALA CYNWYD, Pa., Dec. 05, 2022 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (
[email protected]
) or Marc Ackerman (
[email protected]
) at 855-576-4847. There is no cost or financial obligation to you.
Apollo Endosurgery, Inc. (Nasdaq – APEN)
Under the terms of the agreement, Apollo will be acquired by Boston Scientific Corporation (“Boston Scientific”) (NYSE – BSX). Boston Scientific will acquire all outstanding shares of Apollo for $10.00 per share in cash for an approximate total enterprise value of $615 million. The investigation concerns whether the Apollo Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Boston Scientific is paying too little for the Company.
Additional information can be found at
.
Imago BioSciences, Inc. (Nasdaq – IMGO)
Under the terms of the agreement, Imago will be acquired by Merck (NYSE – MRK). Merck will acquire all outstanding shares of Imago for $36.00 per share in cash for an approximate total equity value of $1.35 billion. The investigation concerns whether the Imago Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Merck is paying too little for the Company.
Additional information can be found at
.
Opiant Pharmaceuticals Inc. (Nasdaq – OPNT)
Under the terms of the agreement, Indivior PLC will acquire all of the outstanding shares of Opiant for upfront consideration of $20.00 per share in cash at closing, plus contingent value rights representing, if achieved, potential additional payments over a period of seven years of up to $8.00 per share. The investigation concerns whether the Opiant Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Indivior PLC is paying too little for the Company. For example, the deal consideration is less than the 52-week high of $37.71 for the Company’s shares.
Additional information can be found at
.
Benefitfocus, Inc. (Nasdaq – BNFT)
Under the terms of the agreement, Benefitfocus will be acquired by Voya Financial, Inc. (“Voya”) (NYSE – VOYA). Voya will pay $10.50 a share in cash for all outstanding shares of Benefitfocus in a deal valued at approximately $570 million. The investigation concerns whether the Benefitfocus Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Voya is paying too little for the Company. For example, the deal consideration is below the 52-week high of $13.06 for the Company’s shares.
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.
