Legal Inquiry Launched for Mergers Involving HBAN, AVDL, EVOK, and TRUE
Legal Inquiry Launched for Mergers Involving HBAN, AVDL, EVOK, and TRUE
In a significant move for shareholders, Monteverde & Associates PC, a prominent class action law firm, is launching investigations into several notable mergers. Led by attorney Juan Monteverde, the firm has established a strong reputation for recovering millions for investors and is recognized as one of the top firms in the 2024 ISS Securities Class Action Services Report.
The Companies Under Scrutiny:
1. Huntington Bancshares Incorporated (NASDAQ: HBAN)
- Merger Details: Huntington is in a proposed merger with Cadence Bank. According to the transaction's terms, shareholders of Cadence Bank will receive 2.47 shares of Huntington common stock for each share they hold. This merger aims to enhance the combined entity's market reach and operational efficiency, fostering a stronger competitive position in the banking sector.
2. Avadel Pharmaceuticals plc (NASDAQ: AVDL)
- Sale Details: Avadel is selling its interests to Alkermes plc. Under the proposed terms, shareholders will receive $18.50 per share, coupled with a contingent value right that could yield an additional cash payment of $1.50 per share, dependent on FDA approval of the treatment LUMRYZ™ for idiopathic hypersomnia by the end of 2028. This strategic move may unlock new resources for innovation and development in the pharmaceutical landscape.
3. Evoke Pharma, Inc. (NASDAQ: EVOK)
- Sale Information: Evoke's proposed sale to QOL Medical, LLC outlines that shareholders will receive $11.00 per share in cash. The merger is viewed as a transformative step for Evoke, potentially leading to greater resources for expanded product offerings and market penetration.
4. TrueCar, Inc. (NASDAQ: TRUE)
- Sale Overview: In this instance, TrueCar is set to be acquired by Fair Holdings, Inc., granting its shareholders $2.55 in cash for each share held. This acquisition is anticipated to strengthen Fair Holdings' portfolio in the automotive industry, streamlining operations and enhancing customer experiences.
Shareholder Rights and Legal Protections
Monteverde & Associates is committed to ensuring that shareholder rights are upheld throughout these merger processes. The firm emphasizes the importance of holding companies accountable, ensuring they conduct transactions in a fair and transparent manner. Inquiries like these are vital for maintaining investors' trust and securing just compensation during significant corporate changes.
Get Involved
For shareholders engaged in any of the companies mentioned, Monteverde & Associates is offering a no-cost consultation to discuss their legal options regarding these mergers. Interested parties are encouraged to visit the firm's website or directly contact Juan Monteverde via email or phone for personalized guidance regarding their rights as shareholders.
Conclusion
As an influential class action firm headquartered in the Empire State Building, Monteverde & Associates continues to adapt and respond to the evolving landscape of corporate mergers and acquisitions. Their ongoing investigations aim not only to uncover any potential injustices faced by shareholders but also to empower investors by advocating for their rights vigorously. Staying informed and involved is key in navigating such transformative corporate moments.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.