BALA CYNWYD, Pa., July 14, 2025 (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.
CARGO Therapeutics, Inc. (Nasdaq - CRGX)
Under the terms of the agreement, CARGO will be acquired by Concentra Biosciences, LLC (“Concentra”). Concentra will acquire CARGO for $4.379 in cash per share, plus one non-transferable contingent value right (“CVR”), which represents the right to receive: (i) 100% of the closing net cash of CARGO in excess of $217.5 million; and (ii) 80% of any net proceeds received within two years following closing from any disposition of certain of CARGO’s product candidates that occurs within two years following closing, each pursuant to a contingent value rights agreement. The investigation concerns whether the CARGO Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the consideration provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/cargo-therapeutics-inc-nasdaq-crgx/.
Olo Inc. (NYSE - OLO)
Under the terms of the Merger Agreement, Olo will be acquired by Thoma Bravo for $10.25 per share in cash in a deal valued at approximately $2 billion. The investigation concerns whether the Olo Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal provides fair value to the Company’s shareholders.
Additional infor\mation can be found at https://www.brodskysmith.com/cases/olo-inc-nyse-olo/.
Guaranty Bancshares, Inc. (NYSE - GNTY)
Under the terms of the agreement, Guaranty will be acquired by Glacier Bancorp, Inc. (“Glacier”) (NYSE - GBCI). Guaranty shareholders are to receive 1.0000 share of Glacier stock for each Guaranty share. Based on the closing price of $41.58 for Glacier shares on June 23, 2025, the transaction would result in aggregate consideration of $476.2 million and value of $41.58 per Guaranty share. The investigation concerns whether the Guaranty Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/guaranty-bancshares-inc-nyse-gnty/.
WK Kellogg Co (NYSE - KLG)
Under the terms of the Merger Agreement, Kellogg will be acquired by The Ferrero Group (“Ferrero”) for $23.00 per share in cash, representing a total enterprise value of $3.1 billion. The investigation concerns whether the Kellogg Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the consideration provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/wk-kellogg-co-nyse-klg/.
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