BALA CYNWYD, Pa., Oct. 15, 2024 (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.
Manitex International, Inc. (Nasdaq - MNTX)
Under the terms of the agreement, Manitex will be acquired by Tadano Ltd. (“Tadano”) in an all-cash transaction. Manitex shareholders will receive $5.80 per share in cash in a deal valued at approximately $223 million. The investigation concerns whether the Manitex Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Tadano is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/manitex-international-inc-nasdaq-mntx-2/.
Arcadium Lithium plc (NYSE - ALTM)
Under the terms of the Merger Agreement, Arcadium will be acquired by Rio Tinto in an all-cash transaction. Arcadium shareholders will receive $5.85 per share in cash. The investigation concerns whether the Arcadium Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Rio Tinto is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/arcadium-lithium-plc-nyse-altm/.
The Duckhorn Portfolio (NYSE - NAPA)
Under the terms of the agreement, Duckhorn will be acquired by Butterfly Equity (“Butterfly”) for $11.10 per share in cash in a deal valued at approximately $1.95 billion. The investigation concerns whether the Duckhorn Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Butterfly is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/duckhorn-portfolio-nyse-napa/.
Outbrain Inc. (Nasdaq - OB)
Under the terms of the agreement, Outbrain will acquire Teads by issuing 35 million shares. The investigation concerns whether the Outbrain Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal is unreasonably dilutive to Outbrain shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/outbrain-inc-nasdaq-ob/,.
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