The investor-rights firm said it is reviewing Distribution Solutions Group's $35.00-a-share cash sale, Mobix Labs' merger with Vision Aerial, and Payoneer Global's $7.40-a-share cash sale to Nuvei.
Halper Sadeh LLC said it is investigating Distribution Solutions Group, Mobix Labs and Payoneer Global over transactions the firm says could involve potential violations of the federal securities laws and breaches of fiduciary duties. The review covers Distribution Solutions Group, Inc.'s sale to affiliates of LKCM Headwater Investments, LLC for $35.00 per share in cash, Mobix Labs, Inc.'s merger with Vision Aerial, Inc., and Payoneer Global Inc.'s sale to Nuvei for $7.40 per share in cash. The law firm said insiders may receive substantial financial benefits not available to ordinary shareholders and that the proposed transactions may include terms that could limit superior competing offers. It said shareholders can discuss their rights and options at no cost or obligation, with any matter handled on a contingent fee basis so investors would not be responsible for out-of-pocket payment of legal fees or expenses. Halper Sadeh said it may seek increased consideration, additional disclosures and information, or other relief and benefits on behalf of shareholders.