BERKSHIRE GREY, INC. NEW YORK, May 24, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Berkshire Grey, Inc. (NASDAQ: BGRY).
The Gross Law Firm has commenced an investigation into the fairness of the acquisition of Berkshire Grey by SoftBank Group Corp. ("SoftBank"). On March 24, 2023, the Company announced that it had entered into an agreement and plan of merger (the "Merger") with SoftBank, which holds approximately 27.0% of voting power in the Company. As a result of the Merger, Berkshire Grey stockholders are anticipated to receive only $1.40 per share in cash in exchange for each share of Berkshire Grey, well below the 52-week high of $2.87 per share. Our investigation concerns whether the executives and directors of Berkshire Grey have breached their fiduciary duties and harmed stockholders by agreeing to and failing to terminate an inadequate transaction with SoftBank, and whether all material facts have been properly disclosed to stockholders.
BERKSHIRE GREY SHAREHOLDERS SHOULD CONTACT US HERE:
https://securitiesclasslaw.com/mna/berkshire-grey-inc-merger-investigation-form/
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
