ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Intercept Pharmaceuticals, Inc. (Nasdaq – ICPT), Splunk, Inc. (Nasdaq – SPLK), Applied Molecular Transport Inc. (Nasdaq - AMTI), NextGen Healthcare, Inc. (Nasdaq –

BALA CYNWYD, Pa., Oct. 03, 2023 (GLOBE NEWSWIRE) -- BALA CYNWYD, October 3, 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.

Intercept Pharmaceuticals, Inc. (Nasdaq – ICPT)

Under the terms of the agreement, Intercept will be acquired by Alfasigma S.p.A (“Alfasigma”) for $19.00 per share in cash for each share of Intercept held. The investigation concerns whether the Intercept Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Alfasigma is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/intercept-pharmaceuticals-inc-nasdaq-icpt/.

Splunk, Inc. (Nasdaq – SPLK)

Under the terms of the Merger Agreement, Splunk will be acquired by Cisco (Nasdaq – CSCO) for $157.00 per share in cash for each share of Splunk held. The investigation concerns whether the Splunk Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Cisco is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/splunk-inc-nasdaq-splk/.

Applied Molecular Transport Inc. (Nasdaq - AMTI)

Under the terms of the Agreement, AMT will be acquired by Cyclo Therapeutics, Inc. (“Cyclo Therapeutics”) (Nasdaq - CYTH) in an all-stock transaction. AMT stockholders will receive approximately 0.174 shares of Cyclo Therapeutics in exchange for each of their shares in AMT (subject to adjustment based on AMT’s net cash at closing). Cyclo Therapeutics expects to issue approximately 7.624 million shares of Cyclo Therapeutics’ common stock to AMT shareholders, equating to approximately 25% of the combined company on a fully diluted basis. The investigation concerns whether the AMT Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Cyclo Therapeutics is paying fair value to shareholders of the Company.

Additional information can be found at: https://www.brodskysmith.com/cases/applied-molecular-transport-inc-nasdaq-amti/.

NextGen Healthcare, Inc. (Nasdaq – NXGN)

Under the terms of the agreement, NextGen Healthcare will be acquired by acquired by Thoma Bravo. Under the terms of the merger agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. The investigation concerns whether the NextGen Healthcare Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Thoma Bravo is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/nextgen-healthcare-inc-nasdaq-nxgn/.

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.


Primary Logo

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.