Investigations Launched for Poseida, Aerovate, ATSG and MPAD

Ongoing Shareholder Investigations

Brodsky & Smith brings to light several investigations concerning prominent companies that may affect shareholder value. If you hold shares in these companies and have queries, feel free to reach out to the experts at Brodsky & Smith. Their dedicated team is available for discussions without any financial obligation on your part.

Poseida Therapeutics, Inc. (NASDAQ: PSTX)

The recent agreement reveals that Poseida Therapeutics, Inc. is set to be acquired by Roche Holdings, Inc. at a rate of $9.00 per share, along with potential contingent payments based on performance milestones that could total an additional $4.00 per share. This arrangement hints at a significant equity valuation of around $1.5 billion when fully diluted. The investigations are centered on whether the board acted in the shareholders’ best interests and whether the pricing from Roche truly reflects fair market value.

Aerovate Therapeutics, Inc. (NASDAQ: AVTE)

Aerovate Therapeutics has also announced its intention to merge with Jade Biosciences. Under the looming agreement, shareholders from Aerovate will have an approximate 1.6% stake in the subsequent combined entity, while Jade's existing shareholders will command a substantial 98.4% stake, given their role in financing the arrangement. Investigations are focused on whether Aerovate's board fulfilled its fiduciary duties towards its shareholders, particularly regarding the fairness of the deal terms being offered.

Air Transport Services Group, Inc. (NASDAQ: ATSG)

The acquisition of Air Transport Services Group, Inc. by Stonepeak is expected to close at $22.50 per share, resulting in a notable enterprise value of $3.1 billion. Investigative efforts here are directed towards uncovering if the board adequately prioritized shareholder interests and whether the offered compensation from Stonepeak aligns with fair valuation standards.

Micropac Industries, Inc. (OTC: MPAD)

Micropac Industries has proposed an acquisition by Teledyne for $20.00 per share. Similar to the other cases discussed, scrutiny is involved to determine if the Micropac board acted within its obligations to ensure that shareholders are receiving equitable treatment in this transaction.

The Role of Brodsky & Smith

Operating as a seasoned litigation firm, Brodsky & Smith specializes in representing shareholder interests nationwide within the fields of securities and class action lawsuits. With their proven track record of successful litigations, the firm aims to safeguard shareholder rights and seek compensation in instances of wrongdoing. They have been appointed by various courts to oversee cases that protect the rights of investors and have a reputation for achieving meaningful recovery for their clients.

Frequently Asked Questions

What companies are under investigation by Brodsky & Smith?

The investigations are focused on Poseida Therapeutics, Aerovate Therapeutics, Air Transport Services Group, and Micropac Industries.

What is the concern regarding Poseida Therapeutics?

The key concern is whether Poseida's board has breached its fiduciary duties by not ensuring a fair process in its acquisition by Roche.

How much is Air Transport Services Group being acquired for?

Air Transport Services Group is set to be acquired for $22.50 per share, involving a total enterprise value of $3.1 billion.

Who should I contact if I have questions about these investigations?

You can reach out to Jason Brodsky or Marc Ackerman at Brodsky & Smith for inquiries related to the investigations.

What role does Brodsky & Smith play in these investigations?

Brodsky & Smith serves to advocate for shareholder rights and is involved in representing investors in class action lawsuits against companies that may not prioritize shareholder interests.

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