BALA CYNWYD, Pa., Aug. 18, 2025 (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.
Soho House & Co Inc. (NYSE – SHCO)
Under the terms of the Merger Agreement, SHCO will be acquired by an investor group led by MCR and its Chairman and CEO Tyler Morse for $9.00 per common share in an all-cash transaction that values SHCO at an enterprise value of approximately $2.7 billion. SHCO Executive Chairman Ron Burkle and the Yucaipa Companies LLC will roll their controlling equity interests in the Company and retain majority control of the business. The investigation concerns whether the SHCO Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/soho-house-co-inc-nyse-shco-2/.
Workhorse Group Inc. (Nasdaq - WKHS)
Under the terms of the Merger Agreement, Workhorse will merge with Motiv Electric Trucks. Motiv’s controlling investor initially will own approximately 62.5% of the combined company and Workhorse shareholders will own approximately 26.5%. The investigation concerns whether the Workhorse Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/workhorse-group-inc-nasdaq-wkhs/.
HanesBrands Inc. (NYSE - HBI)
Under the terms of the agreement, HanesBrand will be acquired by Gildan Activewear Inc. (“Gildan”) (NYSE - GIL). HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock. Based on the closing price of Gildan and HanesBrands’ common stock on August 11, 2025, the offer implies a value of $6.00 per HanesBrands share. The investigation concerns whether the HanesBrands Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders. For example, the deal consideration is below the 52-week high of $9.10 for the Company’s shares and upon completion of the deal, HanesBrands shareholders will own approximately 19.9% of the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/hanesbrands-nyse-hbi/.
Sapiens International Corporation N.V. (Nasdaq – SPNS)
Under the terms of the agreement, Sapiens will be acquired by Advent for $43.50 per common share in an all-cash transaction that values Sapiens at an equity value of approximately $2.5 billion. The investigation concerns whether the Sapiens Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/sapiens-international-corporation-n-v-nasdaq-spns/.
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.
