BALA CYNWYD, Pa., Oct. 12, 2023 (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.
Pioneer Natural Resources (NYSE - PXD)
Under the terms of the agreement, Pioneer will be acquired by Exxon Mobil (NYSE – XOM). Holders of the Company’s shares will receive $253.00 in cash per share held. The deal has a market value of approximately $55.4 billion. The investigation concerns whether the Pioneer Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Exxon Mobil is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/pioneer-natural-resources-nyse-pxd/.
Bsquare Corporation (Nasdaq - BSQR)
Under the terms of the Merger Agreement, Bsquare will be acquired by Kontron America, Incorporated (“Kontron”) for $1.90 per share in cash for each share of Bsquare held. The investigation concerns whether the Bsquare Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Kontron is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/bsquare-corporation-nasdaq-bsqr/.
Genetron Holdings Limited (Nasdaq - GTH)
Under the terms of the agreement, Genetron will be acquired by New Genetron Holding Limited (“Parent”), an entity controlled, in part, by the Company’s current Chairman of the Board and Chief Executive Officer. Holders of the Company’s ADSs will receive $1.36 in cash per American depositary share (“ADS”). The investigation concerns whether the Genetron Health Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Parent is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/genetron-holdings-limited-nasdaq-gth/.
SP® Plus Corporation (Nasdaq - SP)
Under the terms of the Merger Agreement, SP+ will be acquired by Metropolis Technologies, Inc. (“Metropolis”) for $54.00 per share in cash for each share of SP+ held. The deal has an aggregate enterprise value of approximately $1.5 billion. The investigation concerns whether the SP+ Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Metropolis is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/sp-plus-corporation-nasdaq-sp/.
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.
