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BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Monogram Technologies Inc. (Nasdaq - MGRM), Veritex Holdings, Inc. (Nasdaq - VBTX), ESSA Pharma Inc. (Nasdaq - EPIX), Waters Corporation (NYSE - WAT)
GlobeNewswire News Room· 2025-07-14 19:29
Mergers and Acquisitions - Monogram Technologies Inc. will be acquired by Zimmer Biomet Holdings, Inc. for $4.04 per share, totaling an equity value of approximately $177 million and an enterprise value of about $168 million. Shareholders may also receive a contingent value right worth up to $12.37 per share if certain milestones are met by 2030 [2] - Veritex Holdings, Inc. is set to be acquired by Huntington Bancshares Incorporated in a stock transaction where HBI will issue 1.95 shares for each Veritex share, implying a value of $33.91 per share and an aggregate transaction value of $1.9 billion [4] - ESSA Pharma Inc. will be acquired by XenoTherapeutics, Inc. for approximately $1.91 in cash per share, along with a contingent value right that could yield up to $0.06 per share within 18 months post-transaction [6] - Waters Corporation will merge with Becton, Dickinson and Company, with BD's shareholders expected to own about 39.2% and Waters' shareholders approximately 60.8% of the combined entity [8] Investigations - Investigations are ongoing regarding whether the boards of Monogram, Veritex, ESSA, and Waters breached their fiduciary duties by failing to conduct fair processes in their respective transactions and whether the deal considerations provide fair value to shareholders [2][4][6][8]
SHAREHOLDER BUYOUT INVESTIGATION ALERT: Kaskela Law LLC Announces Investigation into Proposed Buyout of TaskUs, Inc. (NASDAQ: TASK) Shareholders – Does $16.50 Per Share Represent Sufficient Payment to TaskUs Investors?
GlobeNewswire News Room· 2025-07-14 18:36
PHILADELPHIA, July 14, 2025 (GLOBE NEWSWIRE) -- Investor protection firm Kaskela Law LLC announces that it has launched an investigation into the fairness of the recently announced buyout of TaskUs, Inc. (Nasdaq: TASK) shareholders to determine whether the proposed buyout price of $16.50 per share undervalues the company’s shares.    Click here for additional information about this investigation and no-cost legal options: https://kaskelalaw.com/case/taskus-buyout/ On May 9, 2025, TaskUs announced that it ha ...
Shareholder Investigation Announcement: Wolf Haldenstein Adler Freeman & Herz LLP Investigates National Grid plc (NYSE: NGG)
GlobeNewswire News Room· 2025-07-14 14:02
Group 1 - Wolf Haldenstein Adler Freeman & Herz LLP is investigating potential securities claims on behalf of shareholders of National Grid plc due to allegations of materially misleading business information [1][3] - A report indicated that a fire at Heathrow Airport in March 2025 was caused by National Grid's failure to maintain an electricity substation, which had been identified as an issue seven years prior [2] - Following the publication of the report, the price of National Grid American Depositary Shares fell by 5% on July 2, 2025 [2] Group 2 - The UK Energy Minister, Ed Miliband, expressed that the findings of the report were "deeply concerning" [2] - Wolf Haldenstein emphasizes its commitment to corporate accountability and transparency for investors who have suffered financial harm [3]
X @Bloomberg
Bloomberg· 2025-07-13 22:16
A record number of Japanese companies saw shareholder proposals pass at their annual general meetings this year in a sign that investors are exerting more influence in the market https://t.co/DEke8zox2i ...
Mergers, Breakups, and the Battle for Content
Bloomberg Television· 2025-07-13 12:05
Media Industry Trends - Media companies are engaging in frequent mergers and breakups, resembling a recurring cycle with potentially unlearned lessons [1][2][3] - Content remains the most crucial element, consistently valued despite evolving distribution methods and emerging technologies [4][5] - Spin-offs and breakups of S&P 500 companies occur regularly, with average performance aligning with S&P 500 returns [6] - Corporate splits can add value if they enable distinct activities or attract different investors compared to the conglomerate [7][8] - Divergence in growth and business models between segments within a company can trigger corporate splits [12][13] - Media companies merge when they fear distribution challenges, but new distribution technologies can devalue previous mergers [15][16] Sports Entertainment Investment - Sports programming dominates viewership, holding 98 of the 100 most-watched television shows in the last 12 months [17] - Sports assets maintain high value due to dedicated marketing and limited consumer time, unlike other media sectors [18][19] - Funds are increasingly investing in minority stakes in sports teams, driving up valuations [20][21] - Increased valuations of sports teams may lead to public ownership and require diverse representation at the ownership level [22][23] - Talent, particularly NFL quarterbacks, is becoming increasingly valued, potentially leading to equity ownership in teams [26][27][28]
X @mert | helius.dev
mert | helius.dev· 2025-07-13 08:29
the entire point of good health is to be able to grind as hard and long as possible to maximize value for shareholdersif you're unhealthy, you are a liability and should quit ...
X @Tesla Owners Silicon Valley
RT Ale𝕏andra Merz 🇺🇲 (@TeslaBoomerMama)🗳️You will find in this article all my recommendations to ensure you can vote in Tesla's Shareholder Vote.If you experience that your bank or broker makes voting impossible or difficult, comment below, and I will edit the article accordingly.Let's bring these votes home. ...
Starboard takes a stake in Tripadvisor. How the activist may bolster value
CNBC· 2025-07-12 12:35
Company Overview - Tripadvisor is an online travel company operating through three segments: Brand Tripadvisor, Viator, and TheFork, connecting travelers with partners through content and marketplaces for various travel categories [1] - Tripadvisor.com is the largest travel guidance platform globally, with 300 million monthly unique visitors, over a billion reviews, and $900 million in revenue [4] - Viator is a rapidly growing booking platform for tours, expected to generate over $900 million in revenue this year [4] - TheFork is the largest online restaurant reservation marketplace in Europe, projected to generate over $200 million in revenue this year [4] Valuation and Market Position - Tripadvisor trades at a significant discount, around seven times EBITDA, compared to low to mid-teens for peers and higher historical multiples for itself [4] - The decline in Tripadvisor's core business revenue by 7.95% from 2023 to 2024 is a contributing factor to its current valuation [5] - Despite the decline, Viator and TheFork are growing, with Viator matching Tripadvisor's revenue and TheFork achieving high single-digit growth [5] Activist Involvement - Starboard Value has acquired a 9.01% stake in Tripadvisor and plans to engage with management regarding value creation opportunities [2][3][6] - Starboard's investment strategy may include maintaining the status quo if revenue growth resumes, focusing on operational efficiency, or exploring strategic sales of segments like TheFork [7] - TheFork could be valued at approximately $1 billion based on a five-times revenue multiple, representing about 40% of Tripadvisor's total enterprise value [7] Governance and Shareholder Sentiment - Tripadvisor's governance issues, including controlled ownership and weak shareholder protections, have historically impacted its valuation [5] - Recent shareholder discontent was evident at the annual meeting, with three directors receiving significant withhold votes, although a proxy fight is not anticipated [9] - Starboard's engagement may lead to improved board representation and a partnership approach rather than a confrontational stance [9]
Crexendo: Disruptive Business Model Should Win Market Share
Seeking Alpha· 2025-07-12 07:35
Group 1 - The article provides a buy rating for Crexendo, Inc. (CXDO) due to its innovative concurrent-session pricing model, which is expected to help the company capture significant market share [1] - CXDO's platform is noted for its technical flexibility and deep integration, enhancing its competitive position in the market [1] - The author emphasizes a fundamental, valuation-driven investment approach, focusing on businesses with potential for scalability and long-term free cash flow generation [1] Group 2 - The author has a decade of experience in investment banking and is currently managing personal funds, indicating a strong background in financial analysis [1] - The motivation for writing is to share investment insights and receive feedback from the investment community, aiming to assist readers in identifying long-term equity value drivers [1] - The analysis is intended to be both analytical and accessible, targeting high-quality, long-term investment opportunities [1]
IRBT Class Action Alert: Robbins LLP Reminds Stockholders of the Lead Plaintiff Deadline in the iRobot Corporation Class Action Lawsuit
Prnewswire· 2025-07-12 00:05
Core Viewpoint - A class action lawsuit has been filed against iRobot Corporation, alleging that the company misled investors regarding the impact of the termination of its acquisition by Amazon and the effectiveness of its restructuring plan [1][2][3]. Group 1: Allegations and Company Actions - iRobot and Amazon mutually agreed to terminate the acquisition in January 2024, yet iRobot claimed confidence in its ability to operate successfully as a standalone company [2][3]. - Following the acquisition termination, iRobot announced a restructuring plan, referred to as "iRobot Elevate," aimed at stabilizing the company and focusing on profitability and market share growth [2][3]. - On March 12, 2025, iRobot reported disappointing financial results for Q4 and the full year of 2024, leading to a significant drop in stock price by $3.255 per share, or 51.58%, closing at $3.055 per share [2][3]. Group 2: Financial Stability Concerns - The lawsuit alleges that iRobot overstated the effectiveness of its restructuring plan and that it was unlikely to operate profitably as a standalone entity, raising doubts about its ability to continue as a going concern [3].