Globenewswireยท2025-11-19 17:07Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into potential breaches of fiduciary duties by the board members of Semrush Holdings, Inc. regarding the proposed sale of the company to Adobe, Inc. [1] Company Overview - Semrush Holdings, Inc. has entered into a definitive merger agreement with Adobe, where shareholders will receive $12.00 per share in cash for each share of common stock owned [6] - The proposed acquisition price of $12.00 per share is below Semrush's 52-week high of $18.74, and a Wall Street analyst has set a target price of $21 per share [6] Legal Context - The investigation by Johnson Fistel focuses on whether the proposed transaction undervalues Semrush shares, and shareholders are encouraged to participate in the investigation if they believe their investment is undervalued [2]