BALA CYNWYD, Pa., July 18, 2022 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (
[email protected]
) or Marc Ackerman (
[email protected]
) at 855-576-4847. There is no cost or financial obligation to you.
VMware, Inc. (NYSE – VMW)
Under the terms of the agreement, VMWare will be acquired by Broadcom Inc. (“Broadcom”) (Nasdaq – AVGO). VMW shareholders will receive $142.50 in cash or 0.2520 shares of Broadcom common stock for each VMW share owned, representing an implied per-share merger consideration of approximately $121.40 based upon Broadcom’s July 13, 2022 closing price of $481.73. The investigation concerns whether the VMWare Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Broadcom is paying too little for the Company. For example, the deal consideration is below the 52-week high of $167.83 for the Company’s shares.
Additional information can be found at
.
ironSource Ltd. (NYSE – IS)
Under the terms of the agreement and plan of merger, ironSource will merge into a wholly-owned subsidiary of Unity via an all-stock deal, where each ordinary share of ironSource will be exchanged for 0.1089 shares of Unity common stock. Once closed, current Unity stockholders will own approximately 73.5% and current ironSource shareholders will own approximately 26.5% of the combined company. The investigation concerns whether the ironSource Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether the Unity is paying too little for the Company.
Additional information can be found at
.
Sharps Compliance Corp. (Nasdaq – SMED)
Under the terms of the agreement, Sharps will be acquired by an affiliate of Aurora Capital Partners (“Aurora”). Aurora will commence an all-cash tender offer to acquire all of the issued and outstanding shares of Sharps for $8.75 per share. The investigation concerns whether the Sharps Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Aurora is paying too little for the Company. For example, the deal consideration is below the 52-week high of $10.47 for the Company’s shares.
Additional information can be found at
.
USA Truck, Inc. (Nasdaq – USAK)
Under the terms of the agreement, USA Truck will be acquired by DB Schenker in an all-cash transaction that values USA Truck at approximately $435 million. USA Truck shareholders will receive $31.72 per share. The investigation concerns whether the USA Truck Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether DB Schenker is paying too little for the Company.
Additional information can be found at
.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
