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BALA CYNWYD, PA / ACCESSWIRE / June 30, 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.
Garrison Capital Inc. (GARS)
Under the terms of the agreement, Garrison Capital shareholders will receive approximately $1.50 in cash plus a to be determined number of shares Portman Ridge Finance Corporation (based on the net asset value of Garrison Capital) in exchange for each Garrison Capital share they own.The investigation concerns whether the Garrison Capital Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Portman Ridge Finance Corporation is underpaying for the Company. For example, the deal price is well below the Company's 52-week high of $7.21 per share.
Additional information can be found at, http://www.brodskysmith.com/cases/garrison-capital-inc-nasdaqgs-gars/, or call 877-534-2590. No cost or obligation to you.
resTORbio, Inc. (TORC)
Under the terms of the agreement, Adicet shareholders are expected to own approximately 75% of the combined company and resTORbio shareholders are expected to own only 25%.
Additional information can be found at http://www.brodskysmith.com/cases/restorbio-inc-nasdaqgs-torc/, or call 877-534-2590. No cost or obligation to you.
Grubhub Inc. (GRUB)
Under the terms of the agreement, Grubhub shareholders will receive 0.6710 Just Eat Takeaway.com ordinary shares in exchange for each Grubhub share, representing an implied value of $75.15 for each Grubhub share they own. The investigation concerns whether the Grubhub Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Just Eat Takeaway.com is underpaying for the Company. For example, the deal price is below the 52-week high of $80.25 for Grubhub shares and at least one analyst covering Grubhub has set a target of $95.00 per share.
Additional information can be found at http://www.brodskysmith.com/cases/grubhub-inc-nyse-grub/, 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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