BALA CYNWYD, Pa., April 25, 2022 (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.
PS business Parks Inc. (NYSE - PSB)
Under the terms of the agreement, PSB will be acquired by affiliates of Blackstone Real Estate (“Blackstone”). PSB stockholders will receive $187.50 in cash per share. The investigation concerns whether the PSB Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Blackstone is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/ps-business-parks-inc-nyse-psb/ .
Checkmate Pharmaceuticals, Inc. (Nasdaq - CMPI)
Under the terms of the agreement, Checkmate will be acquired by Regeneron Pharmaceuticals, Inc. (Nasdaq - REGN). Checkmate stockholders will receive $10.50 in cash per share, in a transaction valued at approximately $250 million. The investigation concerns whether the Checkmate Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Regeneron is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/checkmate-pharmaceuticals-inc-nasdaq-cmpi/ .
XPAC Acquisition Corp. (Nasdaq – XPAX)
Under the terms of the agreement, XPAC, a special purpose acquisition company, will combine with SuperBac Biotechnology Solutions S.A. (“SuperBac”), a biotech company in Brazil, and result in SuperBac becoming a publicly-listed company. XPAC shareholders will retain ownership of approximately 10% of the combined company. The investigation concerns whether the XPAC Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/xpac-acquisition-corp-nasdaq-xpax .
Data Knights Acquisition Corp. (Nasdaq – DKDC)
Under the terms of the agreement, Data Knights, a special purpose acquisition company, will combine with OneMedNet Corporation, a curator of regulatory-grade Imaging Real Word Data, and result in OneMedNet becoming a publicly-listed company. Data Knights shareholders will retain ownership of approximately 29% of the combined company. The investigation concerns whether the Data Knights Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/data-knights-acquisition-corp-nasdaq-dkdc/ .
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