NEW YORK, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating claims on behalf of investors in Eargo, Inc. (NASDAQ:EAR) concerning the acquisition of Eargo by its controlling shareholder, Patient Square Capital. Under the terms of the acquisition, Eargo shareholders would receive $2.55 per share in cash.
According to Wolf Popper partner Carl Stine, "The deal price of $2.55 per share seems unfairly low. It is significantly below Eargo's 52-week average and high stock prices of $6.32 and $14.60 per share, respectively, in the year prior to the deal being announced, ...