BALA CYNWYD, PA / ACCESSWIRE / September 29, 2020 / Brodsky & Smith, LLC 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, LLC, 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, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or calling toll free 877-534-2590. There is no cost or financial obligation to you.
BMC Stock Holdings, Inc. (NASDAQ:BMCH)
Under the terms of the agreement, BMCH shareholders will receive only 1.3125 shares of Builders FirstSource for each share of BMCH they own, an implied per-share consideration of $36.63 based upon Builders FirstSource’s closing price of $27.91 on August 26, 2020. The investigation concerns whether the BMCH Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Builders FirstSource is paying too little for the Company. For example, at least one wall street analyst following the Company has set a target price of $49.00 per share for BMCH.
Additional information can be found at http://www.brodskysmith.com/cases/bmc-stock-holdings-inc-nasdaq-bmch/, or call 877-534-2590. No cost or obligation to you.
Spring Bank Pharmaceuticals, Inc. (NASDAQGS:SBPH)
Under the terms of the share exchange agreement, Spring Bank shareholders will be significantly diluted, holding only approximately 38.8% of the combined company, and receiving two Contingent Value Rights (“CVR”) with respect to certain Spring Bank programs. The investigation concerns whether the Spring Bank Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.
Additional information can be found at http://www.brodskysmith.com/cases/spring-bank-pharmaceuticals-inc-nasdaqgs-sbph/, or call 877-534-2590. No cost or obligation to you.
Virtusa Corporation (NASDAQ:VRTU)
Under the terms of the agreement, Virtusa shareholders will receive only $51.35 for each share of Virtusa they own. The investigation concerns whether the Virtusa Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether BPEA is paying too little for the Company. For example, the consideration is below the 52-week high of $52.81 for Virtusa shares.
Additional information can be found at http://www.brodskysmith.com/cases/virtusa-corporation-nasdaq-vrtu/, or call 877-534-2590. No cost or obligation to you.
Brodsky & Smith, LLC 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
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