BALA CYNWYD, Pa., March 04, 2022 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky or Marc Ackerman at 855-576-4847. There is no cost or financial obligation to you.
Intricon Corporation (Nasdaq – IIN)
Under the terms of the agreement, Intricon will be acquired by an affiliate of Altaris Capital Partners, LLC (collectively with its affiliates, “Altaris”). Intricon shareholders will receive $24.25 in cash for each share of Intricon stock they hold. The investigation concerns whether the Intricon Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Altaris is paying too little for the Company. For example, the deal consideration is below the 52-week high of $28.16 for the Company’s shares.
Additional information can be found at
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South Jersey Industries, Inc. (NYSE – SJI)
Under the terms of the agreement, SJI will be acquired by Infrastructure Investments Fund (“IIF”). Under the terms of the agreement, SJI shareholders will receive $36.00 in cash for each share of SJI they hold, for an enterprise value of approximately $8.1 billion. The investigation concerns whether the SJI Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether IIF is paying too little for the Company.
Additional information can be found at
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Tower Semiconductor (Nasdaq – TSEM)
Under the terms of the agreement, Tower will be acquired by Intel Corporation (Nasdaq – INTC). Tower shareholders will receive $53.00 in cash for each share of Tower stock they hold. The investigation concerns whether the Tower Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Intel is paying too little for the Company.
Additional information can be found at
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Preferred Apartment Communities, Inc. (NYSE – APTS)
Under the terms of the agreement, Preferred Apartment Communities, Inc. (“PAC”) will be acquired by Blackstone Real Estate Income Trust, Inc. (“BREIT”) for $25.00 per share in an all-cash transaction valued at approximately $5.8 billion. The investigation concerns whether the PAC Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether BREIT is paying too little for the Company.
Additional information can be found at
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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.
