BALA CYNWYD, Pa., Dec. 27, 2024 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.
VOXX International Corporation (Nasdaq – VOXX)
Under the terms of the Merger Agreement, VOXX will be acquired by Gentex Corporation (Nasdaq – GNTX) for $7.50 per share in cash. The investigation concerns whether the VOXX Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Gentex is paying fair value to shareholders of the Company.
Additional information can be found at https://www.brodskysmith.com/cases/voxx-international-corporation-nasdaq-voxx/.
Penns Woods Bancorp, Inc. (Nasdaq – PWOD)
Under the terms of the agreement, Penns Woods will merge with Northwest Bancshares, Inc. (“Northwest”) (Nasdaq – NWBI). Northwest will acquire Penns Woods in an all-stock transaction. Penns Woods shareholders will be entitled to receive 2.385 shares of Northwest common stock for each share of Penns Woods common stock they own upon the effective time of the merger. Based on Northwest’s closing stock price of $14.44 as of December 16, 2024, the transaction consideration is valued at $34.44 for each share of Penns Woods. The investigation concerns whether the Penns Woods Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal offers fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/penns-woods-bancorp-inc-nasdaq-pwod/.
Lucero Energy Corp. (TSXV: LOU, OTCQB: PSHIF)
Under the terms of the agreement, Lucero will be acquired by Vitesse Energy, Inc. (“Vitesse”) (NYSE – VTS). Lucero shareholders will receive 0.01239 of a share of Vitesse common stock for each common share of Lucero. The investigation concerns whether the Lucero Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal offers fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/lucero-energy-corp-tsxv-lou-otcqb-pshif/.
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