NEW YORK, NY / ACCESSWIRE / November 7, 2024 / Lifshitz Law PLLC:
Altair Engineering Inc. (NASDAQ:ALTR)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the acquisition of ALTR by Siemens. Under the terms of the definitive agreement, ALTR stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion. The $113.00 per share cash consideration represents a 19% premium to the closing price of ALTR common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to ALTR's unaffected all-time high closing price.
If you are an ALTR 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.
GlycoMimetics, Inc. (NASDAQ:GLYC)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger between GLYC and Crescent Biopharma, Inc. Under the terms of the definitive agreement, the pre-acquisition GLYC stockholders are expected to own approximately 3.1% of the combined Company and the pre-acquisition Crescent stockholders (inclusive of those investors participating in the pre-closing financing) are expected to own approximately 96.9% of the company. The percentage of the company that GLYC's stockholders will own as of the closing of the acquisition is subject to adjustment based on the amount of GLYC's net cash at the closing date.
If you are a GLYC 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.
Profire Energy, Inc. (NASDAQ:PFIE)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the acquisition of PFIE by CECO Environmental Corp. ("CECO"). Under the terms of the definitive agreement, a subsidiary of CECO will commence a tender offer to acquire all issued and outstanding shares of PFIE common stock at a price of $2.55 per share, in cash, without interest and subject to applicable withholding tax. The tender offer will initially remain open for 20 business days from the date of commencement of the tender offer, subject to extension under certain circumstances. The transaction implies an equity value of approximately $125 million and a total enterprise value for PFIE of approximately $108 million.
If you are a PFIE 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.
BM Technologies, Inc. (NYSE:BMTX)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the acquisition of BMTX by First Carolina Bank ("First Carolina"). Under the terms of the definitive agreement, First Carolina will purchase all outstanding BMTX shares of common stock; BMTX stockholders will receive $5.00 per share in cash, which represents a 55% premium to the trading price per share of BMTX common stock as of October 24, 2024. Upon completion of the transaction, BMTX will become a wholly owned subsidiary of First Carolina and shares of BMTX common stock will no longer be listed on the New York Stock Exchange. BMTX will continue operating under the BMTX name.
If you are a BMTX 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.
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
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