BALA CYNWYD, Pa., April 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.
National Instruments Corporation (Nasdaq – NATI)
Under the terms of the agreement, National Instruments will be acquired by Emerson (NYSE – EMR) in an all-cash transaction. National Instruments shareholders will receive $60 in cash for each National Instruments share held. The deal has an equity value of approximately $8.2 billion. The investigation concerns whether the National Instruments Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Emerson is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/national-instruments-corporation-nasdaq-nati/.
Triton International Limited (NYSE - TRTN)
Under the terms of the Merger Agreement, Triton will be acquired by Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE - BIP) in a stock and cash transaction. The total consideration of $85.00 per Triton common share will consist of $68.50 in cash and $16.50 in BIPC class A exchangeable shares. The investigation concerns whether the Triton Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether BIP is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/triton-international-limited-nyse-trtn/.
Tessco Technologies Incorporated (Nasdaq - TESS)
Under the terms of the deal, Tessco will be acquired by entities affiliated with Lee Equity Partners and Twin Point Capital, in an all-cash transaction. Under the terms of the merger agreement, all outstanding shares of Tessco common stock will be acquired for $9.00 in cash, resulting in an enterprise value of approximately $161.4 million. The investigation concerns whether the Tessco Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Lee Equity Partners and Twin Point Capital are paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/tessco-technologies-incorporated-nasdaq-tess/.
Life Storage, Inc. (NYSE - LSI)
Under the terms of the agreement, Life Storage will be acquired by Extra Space Storage Inc. (“Extra Space”) (NYSE - EXR). Life Storage shareholders will receive 0.8950 of an Extra Space share for each Life Storage share they own, representing a total consideration of approximately $145.82 per share based on Extra Space’s share price close on March 31, 2023. At closing, Extra Space and Life Storage shareholders are expected to own approximately 65% and 35% of the combined company, respectively. The investigation concerns whether the Life Storage Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Extra Space is paying too little for the Company. For example, the deal consideration is below the 52-week high of $151.76 for the Company’s shares.
Additional information can be found at https://www.brodskysmith.com/cases/life-storage-inc-nyse-lsi/.
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.
