BALA CYNWYD, Pa., Sept. 09, 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.
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/.
Frontier Communications Parent, Inc. (Nasdaq – FYBR)
Under the terms of the Merger Agreement, Frontier Communications will be acquired by Verizon Communications Inc. (NYSE, Nasdaq – VZ) for $38.50 per share in cash upon completion of the proposed transaction. The transaction is valued at approximately $20 billion of enterprise value. The investigation concerns whether the Frontier Communications Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Verizon is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/frontier-communications-parent-inc-nasdaq-fybr/.
Augmedix, Inc. (Nasdaq – AUGX)
Under the terms of the agreement, Augmedix will be acquired by Commure, Inc. for $2.35 per share in cash upon completion of the proposed transaction. The investigation concerns whether the Augmedix Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Commure is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/augmedix-inc-nasdaq-augx-2/.
Vector Group Ltd. (NYSE – VGR)
Under the terms of the agreement, Vector Group will be acquired by JT Group for $15.00 per share in cash at closing, an equity value of approximately $2.4 billion. The investigation concerns whether Vector Group Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether JT Group is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/vector-group-ltd-nyse-vgr/.
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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