Brodsky & Smith investigates four proposed mergers involving MISTRAS, Caesars, Baldwin Group and Utz

  • Brodsky & Smith announced investigations into four proposed merger transactions.
  • Caesars’ proposed acquisition values the company at approximately $17.6 billion.
  • Investors can contact Brodsky & Smith at no cost or financial obligation.

Brodsky & Smith said it is investigating four proposed mergers involving MISTRAS Group, Caesars Entertainment, The Baldwin Group and Utz Brands. The investigations focus on whether the respective boards breached their fiduciary duties by failing to conduct fair processes and whether shareholders are receiving fair value. MISTRAS Group would be acquired by affiliates of H.I.G. Capital for $20.35 per share in cash, representing an enterprise value of approximately $866 million including outstanding debt. Caesars would be acquired by Fertitta Entertainment for $31.00 per share in a transaction valued at approximately $17.6 billion. The Baldwin Group would be acquired by an entity to be formed by Sequence Holdings and DFO Management for $32.50 in cash per share, while Utz would be acquired by Intersnack Group for $14.25 per share in cash, representing an enterprise value of approximately $2.9 billion. Investors can contact Brodsky & Smith at no cost or financial obligation.

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