ADVERTISEMENT
ADVERTISEMENT Investor Moves To Block Cubic s $3B Take-Private Deal
Law360 (April 8, 2021, 5:56 PM EDT) A Cubic Corp. shareholder hit the transportation and defense-focused technology company with a securities lawsuit Wednesday for allegedly failing to disclose key financial information and conflicts of interest about a roughly $3 billion take-private deal with two private equity firms.
Investor Michael Kent urged the Delaware federal court to block the impending acquisition by Veritas Capital and Evergreen Coast Capital until the purportedly missing or misrepresented data is given to shareholders.
Kent said he was specifically concerned about omitted details in Cubic s proxy statements, which outlined the various bids it received and why it chose to move ahead with the private equity firms .
Investor Moves To Block Cubic s $3B Take-Private Deal
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
Halper Sadeh LLP Investigates SNX, PMBC, MX, PFBI, CATM, CLGX, CUB; Shareholders are Encouraged to Contact the Firm
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Communications Systems, Inc. (NASDAQ: JCS)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Communications Systems, Inc. (NASDAQ: JCS) in connection with the company s proposed merger with Pineapple Energy, LLC ( Pineapple ). Under the terms of the merger agreement, JCS and Pineapple will combine through a reverse merger that will result in the combined company continuing to trade on the NASDAQ. JCS shareholders are expected to hold approximately 37% of the combined entity. If you own JCS shares and wish to discuss this investigation or your rights, please call us or visit our website: https://weisslawllp.com/jcs/