BALA CYNWYD, Pa., Feb. 10, 2025 (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.
Playa Hotels & Resorts N.V. (Nasdaq - PLYA)
Under the terms of the agreement, Playa 28 will be acquired by Hyatt Hotels Corporation (“Hyatt”) (NYSE - H) for $13.50 per share in cash for each Playa share. The investigation concerns whether the Play Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Company’s shareholders are receiving fair value for their shares.
Additional information can be found at https://www.brodskysmith.com/cases/playa-hotels-resorts-n-v-nasdaq-plya/.
Altus Power, Inc. (NYSE - AMPS)
Under the terms of the agreement, Altus Power will be acquired by TPG for $5.00 per share in cash for each Altus Power share, in a deal that values the Company at approximately $2.2 billion. The investigation concerns whether the Altus Power Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the Company’s shareholders are receiving fair value for their shares.
Additional information can be found at https://www.brodskysmith.com/cases/altus-power-inc-nyse-amps/.
Triumph Group, Inc. (NYSE – TGI)
Under the terms of the agreement, Triumph Group will be acquired by affiliates of growth-focused private equity firms Warburg Pincus and Berkshire Partners (“Buyers”) for $26.00 per share in cash for a total enterprise value of approximately $3 billion. The investigation concerns whether the Triumph Group Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal price provides fair value to Company shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/triumph-group-inc-nyse-tgi/.
AeroVironment, Inc. (Nasdaq – AVAV)
Under the terms of the Merger Agreement, AeroVironment will be acquired by BlueHalo LLC (“BlueHalo”). AeroVironment will issue approximately 18.5 million shares of AeroVironment common stock to BlueHalo. Following the close of the transaction and based on AeroVironment’s shares outstanding as of November 18, 2024, AeroVironment’s shareholders will own approximately 60.5% of the combined company and BlueHalo’s equity holders will own approximately 39.5%, subject to closing adjustments. The investigation concerns whether the AeroVironment Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of the Company’s shareholders in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/aerovironment-inc-nasdaq-avav/.
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.
