BALA CYNWYD, Pa., Nov. 10, 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.
TreeHouse Foods Inc. (NYSE - THS)
Under the terms of the agreement, Tree House Foods will be acquired by Industrial F&B Investments III Inc. (“Investindustrial”) for $22.50 per share in cash for each share of common stock owned at closing, and one non-transferable Contingent Value Right (“CVR”) per common share in a transaction with a total Enterprise Value of $2.9 billion. The investigation concerns whether the TreeHouse Foods 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/treehouse-foods-inc-nyse-ths/.
Movano Inc. (Nasdaq - MOVE)
Under the terms of the agreement, Movano will be acquired by Corvex, Inc. (“Corvex”). Upon closing, pre-Merger Corvex stockholders would own approximately 96.2% of the combined company and pre-Merger Movano stockholders would own approximately 3.8% of the combined company. The investigation concerns whether the Movano 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/movano-inc-nasdaq-move/.
Gulf Island Inc. (Nasdaq - GIFI)
Under the terms of the Merger Agreement, Gulf Island will be acquired by IES Holdings, Inc. (“IES”) (Nasdaq - IESC) for $12.00 per share in cash for each share of common stock owned at closing, an aggregate equity value of approximately $192 million. The investigation concerns whether the Gulf Island 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/gulf-island-inc-nasdaq-gifi/.
TEGNA Inc. (NYSE - TGNA)
Under the terms of the Merger Agreement, TEGNA will be acquired by Nexstar Media Group, Inc. (“Nexstar”) (Nasdaq - NXST) for $22.00 per share in a cash transaction valued at $6.2 billion, inclusive of TEGNA’s net debt and estimated transaction fees and expenses. The investigation concerns whether the TEGNA 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/tegna-inc-nyse-tegna/
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