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BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: H&E Equipment Services, Inc. (Nasdaq - HEES), Inari Medical, Inc. (Nasdaq - NARI), Paycor HCM, Inc. (Nasdaq - PYCR), Shutterstock, Inc. (NYSE - SSTK)
PAYXPaychex(PAYX) Newsfilter·2025-01-14 16:52

Paycor HCM, Inc. (Nasdaq - PYCR) - Paycor will be acquired by Paychex, Inc for 22.50pershareincash,representinganenterprisevalueofapproximately22.50 per share in cash, representing an enterprise value of approximately 4.1 billion [4] - The investigation concerns whether the Paycor Board breached its fiduciary duties to shareholders by failing to conduct a fair process [4] Shutterstock, Inc. (NYSE - SSTK) - Shutterstock will be acquired by Getty Images Holdings, Inc, with Shutterstock shareholders owning approximately 45.3% of the combined company [6] - The investigation concerns whether the Shutterstock Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of the Company's shareholders in the combined company [6] Inari Medical, Inc. (Nasdaq - NARI) - Inari will be acquired by Stryker for 80.00pershareincash,atotalfullydilutedequityvalueofapproximately80.00 per share in cash, a total fully diluted equity value of approximately 4.9 billion [8] - The investigation concerns whether the Inari Medical Board breached its fiduciary duties to shareholders by failing to conduct a fair process [8] H&E Equipment Services, Inc. (Nasdaq - HEES) - H&E will be acquired by United Rentals, Inc for 92.00pershareincash,reflectingatotalenterprisevalueofapproximately92.00 per share in cash, reflecting a total enterprise value of approximately 4.8 billion, including approximately $1.4 billion of net debt [9] - The investigation concerns whether the H&E Board breached its fiduciary duties to shareholders by failing to conduct a fair process [9]