BALA CYNWYD, Pa., March 05, 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.
Chimerix, Inc. (Nasdaq - CMRX)
Under the terms of the agreement, Chimerix will be acquired by Jazz Pharmaceuticals plc (“Jazz”) (Nasdaq - JAZZ) for $8.55 per share in cash for each Chimerix share, representing a total consideration of approximately $935 million. The investigation concerns whether the Chimerix Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Company’s shareholders are receiving fair value for their shares.
Additional information can be found at https://www.brodskysmith.com/cases/chimerix-inc-nasdaq-cmrx/.
Siyata Mobile Inc. (Nasdaq - SYTA)
Under the terms of the agreement, Siyata will be acquired by Core Gaming, Inc. (“Core Gaming”). In exchange for the outstanding shares of Core Gaming, Siyata will issue common shares to the shareholders of Core Gaming based on an exchange ratio calculated as $160,000,000 divided by the volume-weighted average closing price (VWAP) of Siyata's common shares on the Nasdaq Stock Market LLC for the 10-day trading period immediately preceding the effective time of the merger. The investigation concerns whether the Siyata Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Company’s shareholders are receiving fair value for their shares.
Additional information can be found at https://www.brodskysmith.com/cases/siyata-mobile-inc-nasdaq-syta/.
Bridge Investment Group Holdings Inc. (NYSE - BRDG)
Under the terms of the agreement, Bridge will be acquired by Apollo (NYSE - APO). Bridge stockholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively. The investigation concerns whether the Bridge Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Company’s shareholders are receiving fair value for their shares.
Additional information can be found at https://www.brodskysmith.com/cases/bridge-investment-group-holdings-inc-nyse-brdg/.
Intevac, Inc. (Nasdaq - IVAC)
Under the terms of the Merger Agreement, Intevac will be acquired by Seagate Technology Holdings plc (“Seagate”) (Nasdaq - STX) for $4.00 per share in cash for each Intevac share. In connection with the closing of the Transaction, Intevac will pay a one-time special dividend of $0.052 per share. The investigation concerns whether the Intevac Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Company’s shareholders are receiving fair value for their shares.
Additional information can be found at https://www.brodskysmith.com/cases/intevac-inc-nasdaq-ivac/
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