Brodsky & Smith highlights investigations into four proposed public-company mergers

  • Brodsky & Smith highlights shareholder investigations into four proposed public-company mergers.
  • Lantheus offers $102.50 cash plus CVRs of up to $12 per share.
  • Each board’s investigation examines process fairness and whether shareholders receive fair value.

Brodsky & Smith is reminding investors of investigations into proposed acquisitions of SoundThinking, Lantheus Holdings, MarketAxess Holdings and Sangoma Technologies. SoundThinking shareholders would receive $8.00 per share in cash plus one non-transferable contingent value right (CVR), worth up to $3.00 per share. Lantheus shareholders would receive $102.50 per share in cash at closing plus non-transferable CVRs providing up to $12.00 per share in additional potential cash, for total consideration of up to $114.50 per share and a transaction value of up to approximately $8.0 billion. MarketAxess would be acquired for $167 per share in cash, with an equity value of approximately $6.0 billion and total enterprise value of approximately $5.7 billion. Sangoma shareholders would receive $4.25 per share in cash and 0.04767 of a BRC common share, representing an implied value of $5.225 per share. Each investigation examines whether the relevant board breached fiduciary duties by failing to conduct a fair process, including whether the proposed consideration represents fair value. Investors can contact Jason Brodsky or Marc Ackerman at Brodsky & Smith without cost or financial obligation.

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