BALA CYNWYD, PA / ACCESSWIRE / November 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.
Level One Bancorp, Inc. (NASDAQ:LEVL)
Under the terms of the merger agreement, Level One shareholders will receive 0.7167 share of First Merchants common stock, in a tax-free exchange, and $10.17 in cash for each share of Level One common stock owned, currently an approximate 75% stock / 25% cash mix. Based on the closing price of First Merchants common stock on November 3, 2021 of $43.50 per share, the implied merger consideration for each share of Level One common stock is $41.35 per share. The investigation concerns whether the Level One Board breached its fiduciary duties to shareholders, and whether First Merchants is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/level-one-bancorp-inc-nasdaq-levl/, or call 855-576-4847. No cost or obligation to you.
NeoPhotonics Corporation (NYSE:NPTN)
Under the terms of the merger agreement, NeoPhotonics will be acquired by Lumentum Holdings Inc. ("Lumentum") (NASDAQ:LITE), in an all-cash transaction with a total enterprise value of approximately $918 million. Under the terms of the Merger Agreement, NeoPhotonics stockholders will receive $16.00 in cash for each share of NeoPhotonics common stock they own. The investigation concerns whether the NeoPhotonics Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Lumentum is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/neophotonics-corporation-nyse-nptn/, or call 855-576-4847. No cost or obligation to you.
Dawson Geophysical Company (NASDAQ:DWSN)
Under the terms of the merger agreement, Dawson Geophysical shareholders will receive $2.34 per share in cash for each share of Dawson Geophysical common stock that they hold. The investigation concerns whether the Dawson Geophysical Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Wilks is paying too little for the Company. For example, the deal consideration is below the 52-week high of $4.47 for the Company's shares.
Additional information can be found at https://www.brodskysmith.com/cases/dawson-geophysical-company-nasdaq-dwsn/, 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