NEW YORK, June 16, 2023 (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.
Moore Kuehn is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process:
- Eneti Inc. (NYSE: NETI)
Eneti has agreed to merge with Cadeler. Under the proposed transaction, Eneti shareholders will receive 3.409 shares of Cadeler per share.
- Surface Oncology, Inc. (NASDAQ: SURF)
Surface Oncology has agreed to merge with Coherus BioSciences. Under the proposed transaction, Surface Oncology shareholders will receive $5.28 in cash per share.
- Chinook Therapeutics, Inc. (NASDAQ: KDNY)
Chinook Therapeutics has agreed to merge with Novartis AG. Under the proposed transaction, Chinook shareholders will receive $40.00 in cash per share.
- NexTier Oilfield Solutions Inc. (NYSE: NEX)
NexTier Oilfield Solutions has agreed to merge with Patterson-UTI Energy. Under the proposed transaction, NexTier Oilfield shareholders will receive 0.7520 shares of Patterson-UTI common stock per share.
Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq. by email at jkuehn@moorekuehn.com. 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 Google 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
