BALA CYNWYD, Pa., June 21, 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.
Convey Health Solutions Holdings, Inc. (NYSE - CNVY)
Under the terms of the agreement, Convey will be acquired by TPG Capital ("TPG"). TPG will acquire all of the outstanding shares of Convey common stock not currently owned by TPG or certain management and director shareholders for $10.50 per share in cash, representing an enterprise value of approximately $1.1 billion. The investigation concerns whether the Convey Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether the deal is fair to Convey shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/convey-health-solutions-holdings-inc-nyse-cnvy/.
RADA Electronic Industries Ltd. (Nasdaq - RADA)
Under the terms of the agreement, RADA will merge with Leonardo DRS Inc. ("Leonardo DRS"). Leonardo DRS will acquire 100% of the share capital in RADA in exchange for approximately 19.5% equity ownership to RADA shareholders in the Combined Company, which will maintain the name Leonardo DRS and is anticipated to trade on NASDAQ and TASE under the symbol "DRS." The investigation concerns whether the RADA Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether the deal is fair to RADA shareholders.
Additional information can be found at visit https://www.brodskysmith.com/cases/rada-electronic-industries-ltd-nasdaq-rada/.
Electro-Sensors, Inc. (Nasdaq - ELSE)
Under the terms of the Transaction, Mobile X will pay approximately $4.83 per share for Electro-Sensors in a one-time cash dividend. Mobile X shareholders are expected to own approximately 76% of the combined company, Electro-Sensors shareholders approximately 11%, and new equity investors approximately 13%. The investigation concerns whether the Electro-Sensors Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether the deal is fair to Electro-Sensors shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/electro-sensors-inc-nasdaq-else/.
ManTech International Corporation (Nasdaq - MANT)
Under the terms of the agreement, ManTech will be acquired by funds managed by global investment firm Carlyle (Nasdaq - CG) in an all-cash transaction with a total enterprise value of approximately $4.2 billion. ManTech shareholders will receive $96.00 per share in cash for each share of ManTech they own. The investigation concerns whether the ManTech Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Carlyle is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/mantech-international-corporation-nasdaq-mant/.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
