BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Jounce Therapeutics, Inc. (Nasdaq- JNCE) and Berkshire Grey, Inc. (Nasdaq- BGRY)
March 27, 2023 at 16:53 PM EDT
BALA CYNWYD, Pa., March 27, 2023 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (email@example.com) or Marc Ackerman (firstname.lastname@example.org) at 855-576-4847. There is no cost or financial obligation to you.
Berkshire Grey, Inc. (Nasdaq- BGRY)
Under the terms of the deal, Berkshire Grey will be acquired by SoftBank Group Corp. and its affiliate (together, “SoftBank”). Berkshire Grey stockholders will receive $1.40 per share in an all-cash transaction worth approximately $375 million. The investigation concerns whether the Berkshire Grey Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether SoftBank is paying too little for the Company. For example, the deal consideration is below the 52-week high of $3.72 for the Company’s shares.
Additional information can be found at https://www.brodskysmith.com/cases/berkshire-grey-inc-nasdaq-bgry/.
Jounce Therapeutics, Inc. (Nasdaq- JNCE)
Under the terms of the agreement, Jounce will be acquired by Concentra Biosciences, LLC (“Concentra”). Jounce stockholders will receive $1.85 per share in an all-cash transaction plus a non-tradeable contingent value right (the “CVR”). The investigation concerns whether the Jounce Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Concentra is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/jounce-therapeutics-inc-nasdaq-jnce/.
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