NEW YORK, March 04, 2022 (GLOBE NEWSWIRE) -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:
- Universal Security Instruments, Inc. (NYSE American: UUU)
USI has agreed to merge with Infinite Reality. Under the proposed transaction, USI shareholders will own only 3% of the combined company.
- South Jersey Industries, Inc. (NYSE: SJI)
SJI has agreed to merge with Infrastructure Investment Fund. Under the proposed transaction, SJI shareholders will receive $36.00 in cash per share. The investigation concerns whether SJI’s board of directors oversaw an unfair process and ultimately agreed to an inadequate price.
- 26 Capital Acquisition Corp. (NASDAQ: ADER)
A proxy statement was recently filed with the SEC regarding Okada Manila’s acquisition of 26 Capital. Upon completion of the merger, 26 Capital shareholders will own less than 12% of the combined company.
- APRIA, INC. (NASDAQ: APR)
A proxy statement was recently filed with the SEC regarding Owens & Minor’s acquisition of Apria. Upon completion of the merger, Apria shareholders will receive $37.50 in cash per share. The investigation concerns whether Apria’s board of directors oversaw an unfair process and ultimately agreed to an inadequate price.
Moore Kuehn is investigating whether the Boards of the above companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process.
Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq. by email at jkuehn@moorekuehn.com or telephone at (212) 709-8245. The consultation and case are free with no obligation to you. Moore Kuehn pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Moore Kuehn is a 5-star client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims. For additional information about Moore Kuehn, please visit http://www.moorekuehn.com/practice/new-york-securities-litigation/.
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Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
