The shareholder-rights firm said it is examining whether the merger consideration is fair after Tempus shares fell following the July 20 deal announcement, dragging down the implied value of the stock component for Personalis holders.
Wohl & Fruchter LLP said it is investigating the proposed acquisition of Personalis, Inc. by Tempus AI, Inc., focusing on whether Personalis shareholders are receiving fair value under a deal announced on July 20, 2026 at $16.25 per share. The law firm said the consideration will consist of Tempus common stock and up to 50% cash at Tempus' discretion, with a floating exchange ratio capped at 0.3356 Tempus shares for each Personalis share. The review comes after Tempus shares fell from $52.47 on July 17, 2026 to $46.05 on August 3, 2026, while Personalis shares dropped about 14% from $15.39 to $13.20 over the same period as investors reacted to the structure of the consideration. Wohl & Fruchter said it is assessing whether the Personalis board acted in shareholders' best interests, whether the agreed consideration is fair, and whether all material information about the transaction has been fully disclosed.