Merger Investigations - Axalta Coating Systems Ltd. is set to be acquired by Akzo Nobel N.V., with shareholders receiving 0.6539 shares of AkzoNobel for each share of Axalta owned. The investigation focuses on whether the Axalta Board breached its fiduciary duties by not conducting a fair process and whether the deal provides fair value to shareholders [2] - Green Dot Corporation will be acquired by Smith Ventures and CommerceOne Financial Corporation for $8.11 in cash and 0.2215 shares of the new bank holding company. The investigation examines if the Green Dot Board failed in its fiduciary duties regarding the fairness of the deal [4] - Blue Foundry Bancorp is being acquired by Fulton Financial Corporation, with each share of Blue Foundry exchanged for 0.6500 shares of Fulton. The transaction is valued at approximately $243 million, or $11.67 per share, and the investigation looks into the Blue Foundry Board's fiduciary duties and the fairness of the deal [6] - Golden Entertainment, Inc. will be acquired in a sale-leaseback transaction, with stockholders receiving a total of $30.00, including a fixed exchange ratio of 0.902 shares of VICI common stock and a cash distribution of $2.75. The investigation concerns whether the Golden Entertainment Board breached its fiduciary duties in the deal process [8]
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Axalta Coating Systems Ltd. (NYSE – AXTA), Green Dot Corporation (NYSE – GDOT), Blue Foundry Bancorp (Nasdaq – BLFY), Golden Entertainment, Inc (Nasdaq - GDEN)