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SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Performant Healthcare, Inc. (Nasdaq - PHLT)
GlobeNewswire News Room· 2025-08-01 18:47
Core Viewpoint - The law office of Brodsky & Smith is investigating potential claims against the Board of Directors of Performant Healthcare for possible breaches of fiduciary duty related to the sale of the Company to Machinify at a price of $7.75 per share in cash [1][2]. Group 1 - The investigation focuses on whether the Board of Performant Healthcare failed to conduct a fair process in the sale, particularly regarding the fairness of the consideration provided to shareholders [2]. - The transaction involves Machinify acquiring all outstanding shares of Performant Healthcare for a total cash consideration of $7.75 per share [1]. Group 2 - Brodsky & Smith is a litigation law firm with a strong track record in representing shareholders in securities and class action lawsuits, having successfully recovered millions for clients [4].
SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of AvidXchange Holdings, Inc. (Nasdaq – AVDX)
GlobeNewswire News Room· 2025-06-17 21:50
Core Viewpoint - AvidXchange Holdings, Inc. is under investigation for potential breaches of fiduciary duty by its Board of Directors in relation to its sale to TPG, which values the company at $2.2 billion with a cash offer of $10.00 per share [1][2]. Group 1 - The investigation focuses on whether the AvidXchange Board failed to conduct a fair process and whether the sale price reflects fair value for shareholders [2]. - TPG's acquisition of AvidXchange involves purchasing all outstanding shares of the company's common stock [1].