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CPE Alert: Monsey Firm of Wohl & Fruchter Renews Investigation of Proposed Merger of Callon Petroleum Company and APA Corp.

Retrieved on: 
Wednesday, February 28, 2024

MONSEY, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation of the proposed merger of Callon Petroleum Company (NYSE: CPE) (“Callon”) with APA Corp. (“APA”) in an all-stock transaction that values Callon at approximately $38.31/share, which is below the price target of virtually all Wall Street analysts for Callon stock prior to announcement of the merger.

Key Points: 
  • MONSEY, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation of the proposed merger of Callon Petroleum Company (NYSE: CPE) (“Callon”) with APA Corp. (“APA”) in an all-stock transaction that values Callon at approximately $38.31/share, which is below the price target of virtually all Wall Street analysts for Callon stock prior to announcement of the merger.
  • The investigation of the proposed merger was renewed upon the filing of a proxy by Callon on February 16, 2024.
  • The exchange values Callon at approximately $38.31 per share based on APA’s closing price on January 3, 2024.
  • “We are investigating whether the Proxy fully discloses all material facts concerning the proposed merger.” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.

DFS Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Discover Financial Services With Capital One

Retrieved on: 
Tuesday, February 20, 2024

MONSEY, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Discover Financial Services (NYSE: DFS) (“Discover”) with Capital One (“Capital One”) in an all-stock transaction.

Key Points: 
  • MONSEY, N.Y., Feb. 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Discover Financial Services (NYSE: DFS) (“Discover”) with Capital One (“Capital One”) in an all-stock transaction.
  • Under the terms of the deal, each Discover shareholder will receive 1.0192 shares of Capital One, which values Discover at nearly $140.00 per share based on Capital One’s closing price on February 16, 2024.
  • On February 19, 2024, Discover announced that it had agreed to merge with Capital One in an all-stock transaction.
  • “We are investigating whether the Discover Board of Directors acted in the best interests of Discover shareholders in approving the merger,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.

CTLT Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Catalent to Novo Holdings

Retrieved on: 
Monday, February 5, 2024

MONSEY, N.Y., Feb. 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $63.50 per share in cash for which Catalent, Inc. (NYSE: CTLT) (“Catalent”) has agreed to be sold to Novo Holdings.

Key Points: 
  • MONSEY, N.Y., Feb. 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $63.50 per share in cash for which Catalent, Inc. (NYSE: CTLT) (“Catalent”) has agreed to be sold to Novo Holdings.
  • Notably, Novo Holdings is the controlling shareholder of the Novo Group companies (including Novo Nordisk), and Catalent is one of Novo Nordisk’s main manufacturing partners for its popular weight-loss drug Wegovy.
  • On February 5, 2024, Catalent announced that it had agreed to be sold to Novo Holdings for $63.50 per share in cash.
  • “We are investigating whether the Catalent Board of Directors acted in the best interests of Catalent shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.

BlueSnap Announces Sharon Weiss as New General Manager, Israel and EVP of R&D

Retrieved on: 
Wednesday, January 24, 2024

BlueSnap , a leading provider of global payment solutions, today announced Sharon Weiss has joined BlueSnap as General Manager, Israel and EVP of R&D effective immediately.

Key Points: 
  • BlueSnap , a leading provider of global payment solutions, today announced Sharon Weiss has joined BlueSnap as General Manager, Israel and EVP of R&D effective immediately.
  • Weiss appointment comes as long-standing GM, Israel and EVP of R&D, Meir Gefen, has decided to retire from his role following 9 years with the company.
  • “I want to thank Meir for his tireless dedication and contributions to BlueSnap and the Israeli team, “said Faouzi Kassab, Chief Technology Officer at BlueSnap.
  • “BlueSnap has a clear vision for the future, and I am excited to be a part of their next chapter leading the Israeli team,” said Sharon Weiss, new BlueSnap General Manager, Israel.

SWN Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Southwestern Energy With Chesapeake Energy

Retrieved on: 
Thursday, January 11, 2024

On January 11, 2024, Southwestern announced that it had agreed to merge with Chesapeake in an all-stock transaction under which each Southwestern common share will be exchanged at a fixed ratio for 0.0867 shares of Chesapeake common stock.

Key Points: 
  • On January 11, 2024, Southwestern announced that it had agreed to merge with Chesapeake in an all-stock transaction under which each Southwestern common share will be exchanged at a fixed ratio for 0.0867 shares of Chesapeake common stock.
  • The exchange values Southwestern at approximately $6.69 per share based on Chesapeake’s closing price on January 10, 2024.
  • “We are investigating whether the Southwestern Board of Directors acted in the best interests of Southwestern shareholders in approving the merger,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
  • Finally, several Southwestern shareholders publishing to SeekingAlpha have expressed displeasure with the deal price, with one Southwestern investor stating “utterly disappointed,” and another Southwestern investor also describing the deal as “a disappointment.”

CPE Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Callon Petroleum Company With APA Corp.

Retrieved on: 
Thursday, January 4, 2024

MONSEY, N.Y., Jan. 04, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Callon Petroleum Company (NYSE: CPE) (“Callon”) with APA Corp. (“APA”) in an all-stock transaction that values Callon at approximately $38.31/share, which is below the average price target on Wall Street for Callon stock of $43.10 per share.

Key Points: 
  • MONSEY, N.Y., Jan. 04, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Callon Petroleum Company (NYSE: CPE) (“Callon”) with APA Corp. (“APA”) in an all-stock transaction that values Callon at approximately $38.31/share, which is below the average price target on Wall Street for Callon stock of $43.10 per share.
  • The exchange values Callon at approximately $38.31 per share based on APA’s closing price on January 3, 2024.
  • “We are investigating whether the Callon Board of Directors acted in the best interests of Callon shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
  • This indicates that virtually all Wall Street analysts think the implied deal price is too low.

CONN Alert: Monsey Firm of Wohl & Fruchter Investigating the Merger of Conn’s Inc. and W.S. Badcock LLC

Retrieved on: 
Tuesday, December 19, 2023

MONSEY, N.Y., Dec. 19, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the merger of Conn’s Inc. (Nasdaq: CONN) (“CONN”) with W.S.

Key Points: 
  • MONSEY, N.Y., Dec. 19, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the merger of Conn’s Inc. (Nasdaq: CONN) (“CONN”) with W.S.
  • Badcock LLC in a transaction contemplating a substantial issuance of CONN common stock.
  • The creation and issuance of the non-voting common shares is subject to the approval of CONN’s common shareholders.
  • “We are investigating whether the CONN Board of Directors acted in the best interests of CONN shareholders in approving this transaction,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.

NobleCon19 Welcomes Seeking Alpha as a Sponsor

Retrieved on: 
Thursday, November 9, 2023

As a sponsor, Seeking Alpha will play a significant role in enhancing the conference experience for attendees.

Key Points: 
  • As a sponsor, Seeking Alpha will play a significant role in enhancing the conference experience for attendees.
  • Participants can look forward to engaging discussions, expert insights, and valuable networking opportunities facilitated by Seeking Alpha’s presence.
  • "We are thrilled to have Seeking Alpha on board as a sponsor for NobleCon19," said Nico P. Pronk, CEO of Noble Capital Markets, the host of NobleCon19.
  • "We are excited to sponsor NobleCon19 and engage with industry experts, investors and thought leaders," said Mayer Reich, Vice President of Marketing at Seeking Alpha.

DOC Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Physicians Realty Trust With Healthpeak Properties

Retrieved on: 
Monday, October 30, 2023

MONSEY, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Physicians Realty Trust (NYSE: DOC) (“DOC”) with Healthpeak Properties (“Healthpeak”) in an all-stock transaction valued at approximately $21 billion.

Key Points: 
  • MONSEY, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Physicians Realty Trust (NYSE: DOC) (“DOC”) with Healthpeak Properties (“Healthpeak”) in an all-stock transaction valued at approximately $21 billion.
  • Under the terms of the merger agreement, DOC shareholders will receive 0.674 newly-issued Healthpeak common shares for each DOC common share they own.
  • According to TipRanks, the implied deal price of $11.07 per DOC share is below the average DOC price target for Wall Street analysts of $15.61 per share.
  • “We are investigating whether the DOC Board of Directors acted in the best interests of DOC shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.

SRC Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Spirit Realty Capital, Inc.

Retrieved on: 
Monday, October 30, 2023

MONSEY, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit”) to Realty Income Corporation (“Realty Income”) in an all-stock transaction valued at approximately $9.3 billion.

Key Points: 
  • MONSEY, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit”) to Realty Income Corporation (“Realty Income”) in an all-stock transaction valued at approximately $9.3 billion.
  • On October 30, 2023, Spirit announced that it had agreed to be sold to Realty Income in an all-stock transaction valued at approximately $9.3 billion.
  • Under the terms of the merger agreement, Spirit shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own.
  • “We are investigating whether the Spirit Board of Directors acted in the best interests of Spirit shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.