BALA CYNWYD, Pa., May 11, 2022 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Trecora Resources (NYSE - TREC)
Under the terms of the agreement, Trecora will be acquired by an affiliate of Balmoral Funds, LLC (together with its consolidated subsidiaries, "Balmoral"). Trecora shareholders will receive $9.81 per share in cash for every share of Trecora they own. The transaction is valued at an enterprise value of $247 million. The investigation concerns whether the Trecora Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Balmoral is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/trecora-resources-nyse-trec/.
Redbox Entertainment Inc. (Nasdaq - RDBX)
Under the terms of the agreement, Redbox will be acquired by Chicken Soup for the Soul Entertainment, Inc. ("CSSE") (Nasdaq - CSSE). Redbox stockholders will receive a fixed exchange ratio of 0.087 of a share of class A common stock of Chicken Soup for the Soul Entertainment per Redbox share. Following the close of the transaction, Chicken Soup for the Soul Entertainment stockholders will own approximately 76.5% of the combined company, and Redbox stockholders will own approximately 23.5% of the combined company, on a fully diluted basis. The investigation concerns whether the Redbox Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether CSSE is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/redbox-entertainment-inc-nasdaq-rdbx/.
Switch, Inc. (NYSE - SWCH)
Under the terms of the agreement, Switch will be acquired by DigitalBridge Group, Inc. ("DigitalBridge") (NYSE - DBRG). Switch's shareholders will receive $34.25 in cash for each share of Switch common stock owned. The transaction is valued at approximately $11 billion, including the assumption of debt. The investigation concerns whether the Switch Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether DigitalBridge is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/switch-inc-nyse-swch/.
InterPrivate II Acquisition Corp. (NYSE - IPVA)
Under the terms of the agreement, InterPrivate II, a special purpose acquisition company, will combine with Getaround, a global and digital carsharing marketplace, and result in Getaround becoming a publicly-listed company. Under the terms of the agreement, InterPrivate II shareholders will retain ownership of only 22% of the combined company. The investigation concerns whether the InterPrivate II Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/interprivate-ii-acquisition-corp-nyse-ipva/.
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.
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