NEW YORK, NY / ACCESSWIRE / OCTOBER 28, 2024 / Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the business combination between KAVL and Delta Corp Holdings Limited, whereby both companies will become wholly owned subsidiaries of a specially created holding company incorporated under the laws of the Cayman Islands, Delta Corp Holdings Limited ("Pubco"). Under the terms of the definitive agreement, KAVL shareholders will receive 1 ordinary share of Pubco for each share of KAVL common stock they own as of the closing of the business combination. Following closing, the combined company would be traded on Nasdaq.
If you are a KAVL investor and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
Barnes Group Inc. (NYSE:B)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the acquisition of B by funds managed by affiliates of Apollo Global Management, Inc. Under the terms of the definitive agreement, B shareholders will receive $47.50 per share in cash. The per share purchase price represents a premium of approximately 22% over B's undisturbed closing share price on June 25, 2024, and a premium of approximately 28% over the volume weighted average price of B common stock for the 90 days ending June 25, 2024.
If you are a B investor and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
Coeur Mining, Inc. (NYSE:CDE)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the definitive agreement between CDE and SilverCrest Metals Inc. ("SilverCrest"). Under the terms of the agreement, a wholly-owned subsidiary of CDE will acquire all of the issued and outstanding shares of SilverCrest pursuant to a court-approved plan of arrangement. SilverCrest shareholders will receive 1.6022 CDE common shares for each SilverCrest common share (the "Exchange Ratio"). The Exchange Ratio implies consideration of $11.34 per SilverCrest common share, based on the closing price of CDE common shares on the NYSE on October 3, 2024. This represents an 18% premium based on 20-day volume-weighted average prices of CDE and SilverCrest each as at October 3, 2024 on the NYSE and NYSE American, respectively, and a 22% premium to the October 3, 2024 closing price of SilverCrest on the NYSE American. This implies a total equity value of approximately $1.7 billion based on SilverCrest's common shares outstanding. Upon completion of the transaction, existing CDE stockholders and SilverCrest shareholders will own approximately 63% and 37% of the outstanding common stock of the combined company, respectively.
If you are a CDE investor and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
Summit Midstream Corporation (NYSE:SMC)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with SMC's acquisition of Tall Oak Midstream Operating, LLC and its subsidiaries ("Tall Oak") from an affiliate of Tailwater Capital LLC ("Tailwater Capital") for a mix of cash and equity consideration. Under the terms of the definitive agreement, SMC will acquire 100% of the membership interest in Tall Oak for $155 million upfront cash consideration, expected to be financed through SMC's credit facility, and approximately 7.5 million shares of a combination of SMC Class B common stock and a corresponding number of common units of Summit Midstream Partners, LP (in an Up-C structure), representing approximately 40% ownership in the pro forma Company. The Class B common stock and Summit Midstream Partners, LP common units are convertible, at Tailwater Capital's election, into SMC common stock on a 1-for-1 basis. In addition, SMCwill pay $25 million contingent consideration in cash over certain measurement periods through March 31, 2026. On a pro forma basis, Tailwater Capital will own approximately 35% interest with a non-Tailwater controlled entity owning an approximately 5%interest. The SMC stock held by Tailwater Capital will be subject to a lock-up period of at least one year.
If you are an SMC investor and would like additional information about our investigation, please complete thee Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
ATTORNEY ADVERTISING.© 2024 Lifshitz Law PLLC. The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Lifshitz Law PLLC
Phone: 516-493-9780
Facsimile: 516-280-7376
Email: info@lifshitzlaw.com
SOURCE: Lifshitz Law PLLC
View the original
press release on accesswire.com
