{"id":796556,"date":"2024-12-20T14:42:02","date_gmt":"2024-12-20T19:42:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brodsky-smith-shareholder-update-notifying-investors-of-the-following-investigations-voxx-international-corporation-nasdaq-voxx-penns-woods-bancorp-inc-nasdaq-pwod\/"},"modified":"2024-12-20T14:42:02","modified_gmt":"2024-12-20T19:42:02","slug":"brodsky-smith-shareholder-update-notifying-investors-of-the-following-investigations-voxx-international-corporation-nasdaq-voxx-penns-woods-bancorp-inc-nasdaq-pwod","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brodsky-smith-shareholder-update-notifying-investors-of-the-following-investigations-voxx-international-corporation-nasdaq-voxx-penns-woods-bancorp-inc-nasdaq-pwod\/","title":{"rendered":"BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: VOXX International Corporation (Nasdaq \u2013 VOXX), Penns Woods Bancorp, Inc. (Nasdaq \u2013 PWOD), Staffing 360 Solutions, Inc. (Nasdaq \u2013 STAF), Adams Resources & Energy, Inc. (NYSE American \u2013 AE)"},"content":{"rendered":"
\n

BALA CYNWYD, Pa., Dec. 20, 2024 (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<\/a>) or Marc Ackerman (mackerman@brodskysmith.com<\/a>) at 855-576-4847. There is no cost or financial obligation to you.<\/p>\n

\n VOXX International Corporation (Nasdaq \u2013 VOXX)<\/strong>\n <\/p>\n

Under the terms of the Merger Agreement, VOXX will be acquired by Gentex Corporation (Nasdaq \u2013 GNTX) for $7.50 per share in cash. The investigation concerns whether the VOXX Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Gentex is paying fair value to shareholders of the Company.<\/p>\n

Additional information can be found at https:\/\/www.brodskysmith.com\/cases\/voxx-international-corporation-nasdaq-voxx\/<\/a>.<\/p>\n

\n Penns Woods Bancorp, Inc. (Nasdaq \u2013 PWOD)<\/strong>\n <\/p>\n

Under the terms of the agreement, Penns Woods will merge with Northwest Bancshares, Inc. (\u201cNorthwest\u201d) (Nasdaq \u2013 NWBI). Northwest will acquire Penns Woods in an all-stock transaction. Penns Woods shareholders will be entitled to receive 2.385 shares of Northwest common stock for each share of Penns Woods common stock they own upon the effective time of the merger. Based on Northwest\u2019s closing stock price of $14.44 as of December 16, 2024, the transaction consideration is valued at $34.44 for each share of Penns Woods. The investigation concerns whether the Penns Woods Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal offers fair value to the Company\u2019s shareholders.<\/p>\n

Additional information can be found at https:\/\/www.brodskysmith.com\/cases\/penns-woods-bancorp-inc-nasdaq-pwod\/<\/a>.<\/p>\n

\n Staffing 360 Solutions, Inc. (Nasdaq \u2013 STAF)<\/strong>\n <\/p>\n

Under the terms of the agreement, Staffing 360 will be acquired by Atlantic International Corp. (\u201cAtlantic\u201d) (OTC \u2013 ATLN). Staffing 360 shareholders will receive 1.202 Atlantic shares for each Staffing 360 share. Atlantic and Staffing 360 shareholders will own approximately 90% and 10%, respectively, of the combined company on a fully diluted basis. The investigation concerns whether the Staffing 360 Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of the Company\u2019s shareholders in the combined company.<\/p>\n

Additional information can be found at https:\/\/www.brodskysmith.com\/cases\/staffing-360-solutions-inc-nasdaq-staf\/<\/a>.<\/p>\n

\n Adams Resources & Energy, Inc. (NYSE American \u2013 AE)<\/strong>\n <\/p>\n

Under the terms of the agreement, Adams will be acquired by an affiliate of Tres Energy LLC (\u201cTres Energy\u201d). Adams stockholders will receive $38.00 per share in cash in a deal with an enterprise value of $138.9 million. The investigation concerns whether the Adams Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Tres Energy is paying fair value to shareholders of the Company.<\/p>\n

Additional information can be found at https:\/\/www.brodskysmith.com\/cases\/adams-resources-energy-inc-nyse-american-ae\/<\/a>.<\/p>\n

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.<\/p>\n

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<\/div>\n","protected":false},"excerpt":{"rendered":"

BALA CYNWYD, Pa., Dec. 20, 2024 (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. VOXX International Corporation (Nasdaq \u2013 VOXX) Under the terms of the Merger Agreement, VOXX will be acquired by Gentex Corporation (Nasdaq \u2013 GNTX) for $7.50 per share in cash. The investigation concerns whether the VOXX Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Gentex is paying fair value to shareholders of the Company. Additional information can be found at https:\/\/www.brodskysmith.com\/cases\/voxx-international-corporation-nasdaq-voxx\/. Penns Woods Bancorp, Inc. (Nasdaq … <\/p>\n

Continue reading “BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: VOXX International Corporation (Nasdaq \u2013 VOXX), Penns Woods Bancorp, Inc. (Nasdaq \u2013 PWOD), Staffing 360 Solutions, Inc. (Nasdaq \u2013 STAF), Adams Resources & Energy, Inc. (NYSE American \u2013 AE)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796556","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: VOXX International Corporation (Nasdaq \u2013 VOXX), Penns Woods Bancorp, Inc. (Nasdaq \u2013 PWOD), Staffing 360 Solutions, Inc. (Nasdaq \u2013 STAF), Adams Resources & Energy, Inc. (NYSE American \u2013 AE) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brodsky-smith-shareholder-update-notifying-investors-of-the-following-investigations-voxx-international-corporation-nasdaq-voxx-penns-woods-bancorp-inc-nasdaq-pwod\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: VOXX International Corporation (Nasdaq \u2013 VOXX), Penns Woods Bancorp, Inc. (Nasdaq \u2013 PWOD), Staffing 360 Solutions, Inc. (Nasdaq \u2013 STAF), Adams Resources & Energy, Inc. 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(Nasdaq … Continue reading "BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: VOXX International Corporation (Nasdaq \u2013 VOXX), Penns Woods Bancorp, Inc. (Nasdaq \u2013 PWOD), Staffing 360 Solutions, Inc. (Nasdaq \u2013 STAF), Adams Resources & Energy, Inc. 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