BALA CYNWYD, PA / ACCESSWIRE / August 5, 2021 / Brodsky & Smith reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other violations of federal and state law with respect to proposed acquisition transactions.If you own shares of any of the below-referenced stocks and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or calling toll free 855-576-4847. There is no cost or financial obligation to you.
The New Home Company Inc. (NYSE:NWHM)
Under the terms of the merger agreement, New Home shareholders will receive only $9.00 for each share of New Home common stock owned. The investigation concerns whether the New Home Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Apollo is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/new-home-company-inc-nyse-nwhm/, or call 855-576-4847. No cost or obligation to you.
Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI)
Under the terms of the merger agreement, Atlantic Capital shareholders will receive only 0.36 shares of SouthState common stock for each Atlantic Capital share that they own, an implied per-share merger consideration of $26.43 based upon SouthState's July 22, 2021 closing price of $73.42. The investigation concerns whether the Atlantic Capital Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether SouthState is paying too little for the Company. For example, the deal consideration is considerably below the Company's 52-week high of $93.26.
Additional information can be found at https://www.brodskysmith.com/cases/atlantic-capital-bancshares-inc-nasdaq-acbi/, or call 855-576-4847. No cost or obligation to you.
Medallia, Inc. (NYSE:MDLA)
Under the terms of the merger agreement, Medallia shareholders will receive only $34.00 for each share of Medallia common stock owned. The investigation concerns whether the Medallia Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Thoma Bravo is paying too little for the Company. For example, the deal consideration is considerably less than the 52-week high of $48.28 for Medallia shares.
Additional information can be found at https://www.brodskysmith.com/cases/medallia-inc-nyse-mdla/, or call 855-576-4847. No cost or obligation to you.
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.
SOURCE: Brodsky & Smith, LLC