Philadelphia, Pennsylvania--(Newsfile Corp. - February 27, 2022) - Investor protection firm Kaskela Law LLC announces that is investigating the Board of Directors of Sema4 Holdings Corp. ("Sema4") (NASDAQ: SMFR) on behalf of the company's stockholders.
On January 18, 2022, Sema4 announced that it had entered into a definitive agreement to acquire OPKO Health's wholly owned subsidiary, GeneDx, Inc. Under the terms of the proposed transaction, Sema4 is expected to pay $150 million, and issue 80 million shares of the company's stock, to OPKO Health. Following this announcement, shares of the company's stock declined $0.59 per share, or 14.5% in value, to close at $3.45 per share on January 18, 2022.
The investigation seeks to determine whether the members of Sema4's Board of Directors violated the securities laws or breached their fiduciary duties to SMFR shareholders in connection with the proposed transaction, and whether Sema4 shareholders are being provided with all material information in connection with the proposed merger.
Sema4 shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 - 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/sema4-holdings-corp/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
(888) 715 - 1740
www.kaskelalaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115038
