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BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: EngageSmart, Inc. (NYSE – ESMT), Hess Corporation (NYSE – HES), Textainer Group Holdings Limited (NYSE – TGH), INVO Bioscience, Inc. (Nasdaq – INVO)

BALA CYNWYD, Pa., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

EngageSmart, Inc. (NYSE – ESMT)

Under the terms of the agreement, EngageSmart will be acquired by an affiliate of Vista Equity Partners (“Vista”), in an all-cash transaction valued at approximately $4.0 billion. EngageSmart stockholders will receive $23.00 per share in cash upon completion of the proposed transaction. The investigation concerns whether the EngageSmart Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Vista is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/engagesmart-inc-nyse-esmt/.

Hess Corporation (NYSE – HES)

Under the terms of the Merger Agreement, Hess will be acquired by Chevron Corporation (“Chevron”) (NYSE – CVX”), in an all-stock transaction valued at approximately $53 billion. Hess stockholders will receive 1.0250 shares of Chevron stock for each share of Hess stock held, equating to $171.00 per share based on Chevron’s closing price on October 20, 2023. The investigation concerns whether the Hess Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Chevron is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/hess-corporation-nyse-hes/.

Textainer Group Holdings Limited (NYSE – TGH)

Under the terms of the agreement, Textainer will be acquired by Stonepeak. Textainer common shareholders will receive $50.00 per share in cash, with the total value of the common shares equaling approximately $2.1 billion. The investigation concerns whether the Textainer Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Stonepeak is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/textainer-group-holdings-limited-nyse-tgh/.

INVO Bioscience, Inc. (Nasdaq – INVO)

Under the terms of the Merger Agreement, INVO will merge with NAYA Biosciences Inc. (“NAYA”), in an all-stock transaction. NAYA shareholders will receive 7.3333 shares of INVO for each share of NAYA held. At closing, INVO and NAYA shareholders will own approximately 12% and 88%, respectively, of the combined company. The investigation concerns whether the INVO Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to the Company’s shareholders in the combined company.

Additional information can be found at https://www.brodskysmith.com/cases/invo-bioscience-inc-nasdaq-invo/.

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.


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