BRODSKY & SMITH SHAREHOLDER UPDATE: Notification to Investors of the…

BRODSKY & SMITH SHAREHOLDER UPDATE: Notification to Investors of the…

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BALA CYNWYD, Pa., Jan. 10, 2023 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following research. If you own stock and would like to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackermann (mackerman@brodskysmith.com) at 855-576-4847. You will not incur any costs or financial obligations.

KnowBe4, Inc. (Nasdaq-KNBE)

Under the terms of the agreement, KnowBe4 will be acquired by Vista Equity Partners (“Vista”). KnowBe4 shareholders will receive $24.90 per share in an all cash transaction valued at approximately $4.6 billion on an equity value basis. The investigation concerns whether KnowBe4’s board of directors failed in its fiduciary duty to shareholders by failing to conduct a fair trial and whether Vista underpays the company.

For more information, see https://www.brodskysmith.com/cases/knowbe4-inc-nasdaq-knbe-2/.

Vivint Smart Home Inc. (NYSE-VVNT)

Under the terms of the agreement, Vivint will be paid by NRG Energy, Inc. (“NRG”) (NYSE – NRG) for $12.00 per share in cash for an approximate enterprise value of $5.2 billion, including $2.4 billion in debt , accepted. The investigation concerns whether Vivint’s board of directors breached their fiduciary duties to shareholders by failing to conduct a fair trial and whether NRG underpays the company.

For more information, see https://www.brodskysmith.com/cases/vivint-smart-home-inc-nyse-vvnt/.

Weber Inc. (NYSE-WEBR)

Under the terms of the agreement, Weber will be acquired by investment funds managed by BDT Capital Partners LLC (“BDT”). BDT will pay $8.05 per share in cash for all outstanding shares of Weber that BDT does not already own, giving Weber an aggregate enterprise value of $3.7 billion. The investigation concerns whether Weber’s board of directors breached their fiduciary duties to shareholders by failing to conduct a fair trial and whether BDT underpays the company. For example, the transaction consideration is below the…

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