BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: TEGNA Inc. (NYSE - TGNA), NorthWestern Energy Group, Inc. (Nasdaq - NWE), Theratechnologies Inc. (Nasdaq - THTX), Dogwood State Bank (OTC - DSBX)

By: Brodsky & Smith LLC via GlobeNewswire

August 19, 2025 at 12:04 PM EDT

BALA CYNWYD, Pa., Aug. 19, 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.

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/.

Theratechnologies Inc. (Nasdaq - THTX)

Under the terms of the agreement, Theratechnologies will be acquired by CB Biotechnology, LLC. for $3.01 per share in cash plus one contingent value right (“CVR”) per share for additional aggregate cash payments of up to $1.19 per CVR. The investigation concerns whether the Theratechnologies Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the consideration provides fair value to the Company’s shareholders.

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

NorthWestern Energy Group, Inc. (Nasdaq - NWE)

Under the terms of the agreement, NorthWestern will be acquired by Black Hills Corp. (NYSE - BKH). NorthWestern shareholders will receive a fixed exchange ratio of 0.98 shares of Black Hills for each share of NorthWestern they own at the close of the transaction. Upon completion of the merger, Black Hills shareholders will own approximately 56% and NorthWestern shareholders will own approximately 44% of the combined company on a fully diluted basis. The investigation concerns whether the NorthWestern Energy 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/northwestern-energy-group-inc-nasdaq-nwe/.

Dogwood State Bank (OTC - DSBX)

Under the terms of the Merger Agreement, Dogwood will be acquired by TowneBank (Nasdaq - TOWN). Common shareholders of Dogwood will receive a fixed exchange ratio of 0.700 shares of TowneBank common stock for each outstanding share of Dogwood common stock, implying a deal value per share of $25.04 per share based on TowneBank’s 15-day average closing stock price of $35.77 on August 18, 2025. The investigation concerns whether the Dogwood 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/dogwood-state-bank-otc-dsbx/

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.