NEW YORK, NY / ACCESSWIRE / May 15, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.
resTORbio, Inc. (TORC)
Merger Announcement: April 29, 2020
Transaction Details: Under the terms of the merger, Adicet would merge with a wholly-owned subsidiary of resTORbio in an all-stock transaction, and the equityholders of Adicet would become the majority owners (75%) of resTORbio's outstanding common stock upon the close of the merger.
To learn more about the TORC investigation and your rights, go to: https://www.zlk.com/mna2/restorbio-inc-loss-form
Stemline Therapeutics, Inc. (STML)
Merger Announcement: May 4, 2020
Transaction Details: Under the terms of the agreement, a wholly owned subsidiary of the Menarini Group will commence a tender offer for all outstanding shares of Stemline, whereby Stemline shareholders will be offered $11.50 in cash and one non-tradeable contingent value right.
To learn more about the STML investigation and your rights, go to:
Turning Point Brands, Inc. (TPB)
Merger Announcement: April 8, 2020
Transaction Details: Under the terms of the agreement, SDI will be merged into a wholly-owned subsidiary of Turning Point in a tax-free downstream merger. In return for their SDI shares, the holders of SDI's Class A Common Stock and SDI's Class B Common Stock will receive, in the aggregate, Turning Point Voting Common Stock at a ratio of 0.97 of a share of Turning Point Voting Common Stock for each share of Turning Point Voting Common Stock held by SDI.
To learn more about the TPB investigation and your rights, go to:
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SOURCE: Levi & Korsinsky, LLP