BALA CYNWYD, Pa., March 11, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Carrols Restaurant Group, Inc. (Nasdaq - TAST)
Under the terms of the agreement, Carrols will be acquired by Restaurant Brands International Inc. (“RBI”) (NYSE: QSR) Carrols shareholders will receive $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion. The investigation concerns whether the Carrols Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether RBI is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/carrols-restaurant-group-inc-nasdaq-tast/.
Hess Corporation (NYSE – HES)
Under the terms of the agreement, Hess will be acquired by Chevron Corporation (“Chevron”) (NYSE – CVX”), in an all-stock transaction valued at approximately $53 billion. Hess stockholders will receive 1.0250 shares of Chevron stock for each share of Hess stock held. The investigation concerns whether the Hess Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Chevron is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/hess-corporation-nyse-hes/.
VIZIO Holding Corp. (NYSE - VZIO)
Under the terms of the agreement, Vizio will be acquired by Walmart Inc. VIZIO shareholders will receive $11.50 per share in cash in a deal valued at approximately $2.3 billion. The investigation concerns whether the VIZIO Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Walmart is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/vizio-holding-corp-nyse-vzio/.
Everi Holdings Inc. (NYSE – EVRI)
Under the terms of the Merger Agreement, Everi will merge with International Game Technology PLC (“IGT”) (NYSE - IGT). At closing, IGT shareholders are expected to own approximately 54% and Everi stockholders are expected to own approximately 46% of the shares in the combined company. The investigation concerns whether the Everi Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to the Company’s shareholders in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/everi-holdings-inc-nyse-evri/.
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.
