The investor rights law firm said it is examining whether the proposed transactions comply with federal securities laws and fiduciary duty standards for shareholders.
Halper Sadeh LLC said it is investigating four proposed corporate transactions involving Arcosa, Inc., Simulations Plus, Inc., AstroNova, Inc. and Fathom Holdings Inc. for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders. The firm said insiders may receive substantial financial benefits not available to ordinary shareholders, while some deal terms may restrict superior competing offers. It said it may seek increased consideration, additional disclosures and information, or other relief and benefits on behalf of shareholders. The transactions under review are Arcosa, Inc.'s sale to CRH for $150.00 per share; Simulations Plus, Inc.'s sale to affiliates of Altaris, LLC for $18.50 per share; AstroNova, Inc.'s sale to Arcline Investment Management for $29.00 per share in cash; and Fathom Holdings Inc.'s sale to Bed Bath & Beyond, Inc. for 0.2236 shares of Bed Bath & Beyond common stock for each Fathom share. The New York-based firm encouraged shareholders to contact it to discuss their rights and options at no cost or obligation, adding that any matter would be handled on a contingent fee basis, meaning clients would not be responsible for out-of-pocket payment of legal fees or expenses.