July 22, 2021 (ACCESSWIRE via COMTEX) -- BALA CYNWYD, PA / ACCESSWRIE / July 22, 2021 / Brodsky & Smith reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other violations of federal and state law with respect to proposed acquisition transactions.If you own shares of any of the below-referenced stocks and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or calling toll free 855-576-4847. There is no cost or financial obligation to you.
Lonestar Resources US Inc.
Under the terms of the merger agreement, Lonestar shareholders will receive only 0.51 shares of Penn Virginia for each share of Lonestar they own, representing implied per-share merger consideration of approximately $11.74 based upon Penn Virginia's July 9, 2021 closing price.
The investigation concerns whether the Lonestar Board breached its fiduciary duties to Lonestar shareholders and whether Penn Virginia is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/lonestar-resources-us-inc-otc-lone/ , or call 855-576-4847. No cost or obligation to you.
GP Strategies Corporation
Under the terms of the merger agreement, GP Strategies shareholders will receive only $20.85 in cash for each share of GP Strategies they own. The investigation concerns whether the GP Strategies Board breached its fiduciary duties to GP Strategies shareholders and whether LTG is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/gp-strategies-corporation-nyse-gpx/ , or call 855-576-4847. No cost or obligation to you.
Covanta Holding Corporation /zigman2/quotes/206457457/composite CVA +0.05%
Under the terms of the merger agreement, Covanta shareholders will receive only $20.25 in cash for each share of Covanta they own. The investigation concerns whether the Covanta Board breached its fiduciary duties to Covanta shareholders and whether EQT is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/covanta-holding-corporation-nyse-cva/ , or call 855-576-4847. No cost or obligation to you.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
View source version on accesswire.com: https://www.accesswire.com/656681/NOTICE--IMPORTANT-SHAREHOLDER-INVESTIGATION-UPDATE-Brodsky-Smith-Reminds-Investors-of-Investigations-Related-to-the-Following-Companies-Lonestar-Resources-US-Inc-OTC-LONE-GP-Strategies-Corporation-NYSE--GPX-Covanta-Holding-Corporation
Is there a problem with this press release? Contact the source provider Comtex at firstname.lastname@example.org. You can also contact MarketWatch Customer Service via our Customer Center.
Copyright 2021 ACCESSWIRE