Associated tags: Fraud, Wohl, Sale, Security (finance), Wall Street
Locations: TATA, CALIFORNIA, PROSPECT, CALLON, GOLDMAN, MONSEY, NY, US, WALL STREET, BLACKSTONE, NEW YORK, BENCHMARK, UNITED STATES
MONSEY, N.Y., May 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $76.00 per share in cash for which Perficient, Inc. (Nasdaq: PRFT) (“PRFT”) has agreed to be sold to an affiliate of EQT AB, a global investment organization.
Key Points:
- MONSEY, N.Y., May 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $76.00 per share in cash for which Perficient, Inc. (Nasdaq: PRFT) (“PRFT”) has agreed to be sold to an affiliate of EQT AB, a global investment organization.
- The sales price is below the price targets for PRFT of at least two Wall Street analysts (source: TipRanks).
- On May 5, 2024, PRFT announced that it had agreed to be sold to EQT AB for $76.00 per share in cash.
- “We are investigating whether the PRFT Board of Directors acted in the best interests of PRFT shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
Retrieved on:
Wednesday, April 10, 2024
MONSEY, N.Y., April 10, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $335.00 per share in cash for which Shockwave Medical, Inc. (Nasdaq: SWAV) (“Shockwave”) has agreed to be sold to Johnson & Johnson.
Key Points:
- MONSEY, N.Y., April 10, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $335.00 per share in cash for which Shockwave Medical, Inc. (Nasdaq: SWAV) (“Shockwave”) has agreed to be sold to Johnson & Johnson.
- The sales price is below the price target for Shockwave of at least one Wall Street analyst (source: TipRanks).
- On April 5, 2024, Shockwave announced that it had agreed to be sold to Johnson & Johnson for $335.00 per share in cash.
- “We are investigating whether the Shockwave Board of Directors acted in the best interests of Shockwave shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
MONSEY, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $30.00 per share in cash for which Model N, Inc. (NYSE: MODN) (“MODN”) has agreed to be sold to Vista Equity Partners (“Vista”).
Key Points:
- MONSEY, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $30.00 per share in cash for which Model N, Inc. (NYSE: MODN) (“MODN”) has agreed to be sold to Vista Equity Partners (“Vista”).
- The sales price is below the price targets for MODN of at least five Wall Street analysts (source: TipRanks).
- On April 8, 2024, MODN announced that it had agreed to be sold to Vista for $30.00 per share in cash.
- “We are investigating whether the MODN Board of Directors acted in the best interests of MODN shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
MONSEY, New York, April 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $39.12 per share in cash for which Apartment Income REIT Corp. (NYSE: AIRC) (“AIRC”) has agreed to be sold to Blackstone.
Key Points:
- MONSEY, New York, April 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $39.12 per share in cash for which Apartment Income REIT Corp. (NYSE: AIRC) (“AIRC”) has agreed to be sold to Blackstone.
- The sales price is below the price targets for AIRC of at least two Wall Street analysts (source: TipRanks).
- On April 8, 2024, AIRC announced that it had agreed to be sold to Blackstone for $39.12 per share in cash.
- “We are investigating whether the AIRC Board of Directors acted in the best interests of AIRC shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
Burger King,
RBI,
TipRanks,
Truist Financial,
Committee,
Sale,
Coercion,
Security (finance),
Proxy,
Carrols Restaurant Group,
Wohl,
Popeyes The investigation of the proposed sale was renewed upon the filing of a preliminary proxy by Carrols concerning the proposed sale on March 4, 2024.
Key Points:
- The investigation of the proposed sale was renewed upon the filing of a preliminary proxy by Carrols concerning the proposed sale on March 4, 2024.
- On March 4, 2024, Carrols filed a preliminary proxy (“Proxy”) concerning the proposed sale with the Securities and Exchange Commission.
- This factor raises a concern as to whether any coercion caused the Special Committee to recommend the proposed sale at a sub-optimal price.
- “We are investigating whether the Special Committee of the Carrols Board of Directors acted in the best interests of Carrols shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
MONSEY, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $3.21 per share in cash at which AdTheorent Holding Company, Inc. (Nasdaq: ADTH) (“AdTheorent”) has agreed to be sold to Cadent.
Key Points:
- MONSEY, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $3.21 per share in cash at which AdTheorent Holding Company, Inc. (Nasdaq: ADTH) (“AdTheorent”) has agreed to be sold to Cadent.
- The sales price is equal to the closing price of AdTheorent on March 28, 2024, thus providing no premium.
- It is also below the price target for AdTheorent of virtually every Wall Street analyst covering the stock (source: TipRanks).
- “We are investigating whether the AdTheorent Board of Directors acted in the best interests of AdTheorent shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
MONSEY, N.Y., March 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the proposed sale of Sterling Check Corp. (Nasdaq: STER) (“Sterling”) to First Advantage Corporation (“FAC”) for cash and stock valued at approximately $16.73 per share.
Key Points:
- MONSEY, N.Y., March 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the proposed sale of Sterling Check Corp. (Nasdaq: STER) (“Sterling”) to First Advantage Corporation (“FAC”) for cash and stock valued at approximately $16.73 per share.
- Under the terms of the transaction, Sterling shareholders can elect to receive either $16.73 per share in cash or 0.979 shares of FAC common stock for each Sterling share, subject to proration.
- Sterling shareholders are expected to own approximately 16% of the combined company after closing, and current FAC shareholders will own approximately 84%.
- “We are investigating whether the Sterling Board of Directors acted in the best interests of Sterling shareholders in approving the sale.” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
Retrieved on:
Wednesday, February 28, 2024
MONSEY, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation of the proposed merger of Callon Petroleum Company (NYSE: CPE) (“Callon”) with APA Corp. (“APA”) in an all-stock transaction that values Callon at approximately $38.31/share, which is below the price target of virtually all Wall Street analysts for Callon stock prior to announcement of the merger.
Key Points:
- MONSEY, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation of the proposed merger of Callon Petroleum Company (NYSE: CPE) (“Callon”) with APA Corp. (“APA”) in an all-stock transaction that values Callon at approximately $38.31/share, which is below the price target of virtually all Wall Street analysts for Callon stock prior to announcement of the merger.
- The investigation of the proposed merger was renewed upon the filing of a proxy by Callon on February 16, 2024.
- The exchange values Callon at approximately $38.31 per share based on APA’s closing price on January 3, 2024.
- “We are investigating whether the Proxy fully discloses all material facts concerning the proposed merger.” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
Retrieved on:
Tuesday, February 20, 2024
MONSEY, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $11.50 per share in cash for which VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) has agreed to be sold to Walmart.
Key Points:
- MONSEY, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $11.50 per share in cash for which VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) has agreed to be sold to Walmart.
- The sales price is below the price target for VIZIO of at least three Wall Street analysts (source: TipRanks).
- On February 20, 2024, VIZIO announced that it had agreed to be sold to Walmart for $11.50 per share in cash.
- “We are investigating whether the VIZIO Board of Directors acted in the best interests of VIZIO shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
Retrieved on:
Tuesday, February 20, 2024
MONSEY, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Discover Financial Services (NYSE: DFS) (“Discover”) with Capital One (“Capital One”) in an all-stock transaction.
Key Points:
- MONSEY, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Discover Financial Services (NYSE: DFS) (“Discover”) with Capital One (“Capital One”) in an all-stock transaction.
- Under the terms of the deal, each Discover shareholder will receive 1.0192 shares of Capital One, which values Discover at nearly $140.00 per share based on Capital One’s closing price on February 16, 2024.
- On February 19, 2024, Discover announced that it had agreed to merge with Capital One in an all-stock transaction.
- “We are investigating whether the Discover Board of Directors acted in the best interests of Discover shareholders in approving the merger,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.