BALA CYNWYD, Pa., Sept. 21, 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.
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/.
Computer Task Group, Incorporated (Nasdaq - CTG)
Under the terms of the agreement, CTG will be acquired by Cegeka Groep nv (“Cegeka”). CTG shareholders will receive $10.50 per share of common stock in an all-cash transaction, representing an implied equity value of approximately $170 million. The investigation concerns whether the CTG Board breached its fiduciary duties to shareholders by failing to conduct a fair process resulting in Cegeka paying less than full value for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/computer-task-group-incorporated-nasdaq-ctg/.
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