BALA CYNWYD, Penn., Oct. 11, 2022 (GLOBE NEWSWIRE) — The law firm of Brodsky & Smith announces that it is investigating potential claims against the board of directors of SeaSpine Holdings Corporation (“SeaSpine” or the “Company”) (Nasdaq – SPNE) for possible breaches of fiduciary duty and other violations of federal and state laws in connection with the Company’s agreement to merge with Orthofix (Nasdaq – OFIX). Under the terms of the merger agreement, SeaSpine shareholders will receive 0.4163 common shares of Orthofix for each SeaSpine common share they own. Upon closing of the transaction, Orthofix shareholders will own approximately 56.5 percent of the combined company and SeaSpine shareholders will own approximately 43.5 percent of the combined company.
The investigation concerns whether SeaSpine’s board of directors breached their fiduciary duties to shareholders by failing to conduct due process, including diluting ownership of the combined company.
If you own SeaSpine stock and would like to discuss the legal implications of the investigation or have any questions, you may contact the law firm of Brodsky & Smith by email or phone, who will, at no obligation or cost to you, attempt to answer your questions. You can visit Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004 https://www.brodskysmith.com/cases/seaspine-holdings-corporation-nasdaq-spne/or call toll-free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive experience representing shareholders nationwide in securities and class actions. Brodsky & Smith attorneys have been appointed by numerous courts across the country as lead counsel in class action lawsuits and have successfully recovered millions of dollars for our clients and shareholders. attorney advertising. Previous results do not guarantee a similar result.
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