BALA CYNWYD, Pa., June 10, 2024 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Diamond Offshore Drilling, Inc (NYSE – DO)
Under the terms of the agreement, Diamond will be acquired by Noble Corporation plc (“Noble”) (CSE – NOBLE) (NYSE – NE). Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock. Upon closing, Diamond shareholders will own approximately 14.5% of Noble’s outstanding shares. The investigation concerns whether the Diamond Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Noble is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/diamond-offshore-drilling-inc-nyse/.
PowerSchool Holdings, Inc. (NYSE – PWSC)
Under the terms of the agreement, PowerSchool will be acquired by Bain Capital for $22.80 per share in cash upon completion of the proposed transaction. The transaction is valued at $5.6 billion. The investigation concerns whether the PowerSchool Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Bain Capital is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/powerschool-holdings-inc-nyse-pwsc/ .
SPAR Group, Inc. (Nasdaq – SGRP)
Under the terms of the agreement, SPAR Group will be acquired by Highwire Capital (“Highwire”) for $2.50 per share in cash upon completion of the proposed transaction. The investigation concerns whether the SPAR Group Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Highwire is paying fair value to shareholders of the Company. For example, the deal consideration is below the 52-week high of $3.12 for the Company’s shares.
Additional information can be found at https://www.brodskysmith.com/cases/spar-group-inc-nasdaq-sgrp/.
WalkMe Ltd. (Nasdaq – WKME)
Under the terms of the agreement, WalkMe will be acquired by SAP SE (NYSE – SAP)for $14.00 per share in cash upon completion of the proposed transaction. The investigation concerns whether the WalkMe Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether SAP is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/walkme-ltd-nasdaq-wkme/.
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.
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