MERGER ALERT – SKYS, NTN, and PFNX: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies
NEW YORK, NY / ACCESSWIRE / August 17, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.
Sky Solar Holdings, Ltd. (NASDAQ:SKYS)
Transaction Details: Under the terms of the tender offer, holders of American Depository Shares ("ADS") of Sky Solar will receive $0.30 per ordinary share or $6.00 per ADS. Upon completion of the tender offer, if the affiliate of Sky Solar has acquired 90% ownership of the Company, then the affiliate will conduct a short-form merger to acquire the remaining shares of the Company. This tender offer is proceeding without the approval of a special committee of the company's board of directors, in part because the special committee has not received sufficient information to evaluate the tender offer.
To learn more about the SKYS investigation and your rights, go to: https://www.zlk.com/mna2/sky-solar-holdings-ltd-information-request-form
NTN Buzztime, Inc. (NYSE:NTN)
Agreement Announcement: August 13, 2020
Transaction Details: Under the terms of the merger, immediately following the closing, the members of Brooklyn collectively will own 94.08% of the outstanding common stock of the combined company and Buzztime stockholders will own 5.92% of the outstanding common stock of the combined company.
To learn more about the NTN investigation and your rights, go to: https://www.zlk.com/mna2/ntn-buzztime-inc-information-request-form
Pfenex Inc. (NYSE:PFNX)
Merger Announcement: August 10, 2020
Transaction Details: Under the terms of the agreement, Ligand will acquire all outstanding shares of Pfenex for $12.00 per share in cash.
To learn more about the PFNX investigation and your rights, go to: https://www.zlk.com/mna2/pfenex-inc-information-request-form
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
jlevi@levikorsinsky.com
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP
ReleaseID: 602110