MILWAUKEE, Aug. 17, 2023 /PRNewswire/ -- Ademi LLP is investigating PhenomeX (NASDAQ: CELL) for possible breaches of fiduciary duty and other violations of law in its transaction with Bruker Corporation.
Click here to learn how to join the action https://www.ademilaw.com/case/phenomex-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, PhenomeX stockholders are expected to receive only $1.00 per share in cash, for a total equity value of approximately $108 million. The transaction agreement unreasonably limits competing transactions for PhenomeX by imposing a significant penalty if PhenomeX accepts a competing bid. PhenomeX insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of PhenomeX's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own PhenomeX common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/phenomex-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP