NEW YORK, NY / ACCESSWIRE / February 17, 2021 / The following statement is being issued by Levi & Korsinsky, LLP:
Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.
Leisure Acquisition Corp. (NASDAQ:LACQ)
Merger Announcement: February 1, 2021
Transaction Details: Ensysce Biosciences, Inc. will become a public company traded on the NASDAQ. The public stockholders of Leisure Acquisition will own 15.5% of the post-close Ensysce.
To learn more about the LACQ investigation and your rights, go to:
Coherent, Inc. (NASDAQ:COHR)
Merger Announcement: February 8, 2021
Transaction Details: Coherent stockholders will receive $100.00 per share in cash and 1.1851 shares of Lumentum Holdings Inc. common stock for each Coherent share they own.
The Coherent merger investigation concerns whether the Board of Coherent has breached its fiduciary duties in connection with the Lumentum deal. In particular, on February 8, 2021, Coherent announced that it had received an unsolicited cash-and-stock buyout bid from MKS Instruments Inc. that would value the laser technology company at about $5.78 billion. Market observers have noted that this bid from MKS offers roughly 16% greater value than the Lumentum deal. Nevertheless, the Coherent Board has not terminated the Lumentum transaction, or even recognized the MKS proposal as a superior offer.
To learn more about the COHR investigation and your rights, go to:
Colonnade Acquisition Corp. (NYSE:CLA)
Agreement Announcement: December 22, 2020
Transaction Details: Upon closing of the business combination, the combined company will operate as Ouster, Inc., and is expected to remain listed on the NYSE under the ticker symbol "OUST". The public stockholders of Colonnade will own 11% of post-close OUST.
To learn more about the CLA investigation and your rights, go to:
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SOURCE: Levi & Korsinsky, LLP