BALA CYNWYD, Pa., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (firstname.lastname@example.org) or Marc Ackerman (email@example.com) at 855-576-4847. There is no cost or financial obligation to you.
ElectraMeccanica (Nasdaq - SOLO)
Under the terms of the agreement, ElectraMeccanica will be acquired by Tevva. Upon the closing of the proposed transaction, ElectraMeccanica shareholders will own 23.5% of the combined company and Tevva shareholders will own 76.5% of the combined company on a fully diluted basis. The investigation concerns whether the ElectraMeccanica Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Tevva is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/electrameccanica-nasdaq-solo/ .
Computer Task Group, Incorporated (Nasdaq - CTG)
Under the terms of the agreement, CTG will be acquired by Cegeka Groep nv (“Cegeka”). CTG shareholders will receive $10.50 per share of common stock in an all-cash transaction, representing an implied equity value of approximately $170 million. The investigation concerns whether the CTG Board breached its fiduciary duties to shareholders by failing to conduct a fair process resulting in Cegeka paying less than full value for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/computer-task-group-incorporated-nasdaq-ctg/.
Decibel Therapeutics, Inc. (Nasdaq - DBTX)
Under the terms of the Merger Agreement, Decibel will be acquired by Regeneron Pharmaceuticals, Inc. (Nasdaq - REGN). Decibel shareholders will receive $4.00 per share of Decibel common stock payable in cash at closing, with an additional non-tradeable contingent value right (CVR) to receive up to $3.50 per share in cash upon achievement of certain clinical development and regulatory milestones for Decibel’s lead investigational candidate, DB-OTO, within specified time periods. The proposed acquisition values Decibel at a total equity value of approximately $109 million based on the amount payable at closing, and a total equity value of up to approximately $213 million if the CVR milestones are achieved. The investigation concerns whether the Decibel Board breached its fiduciary duties to shareholders by failing to conduct a fair process resulting in Regeneron paying less than full value for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/decibel-therapeutics-inc-nasdaq-dbtx/.
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