NEW
YORK, May 19, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a merger investigation has commenced on behalf
of shareholders of Berkshire Grey, Inc. (NASDAQ: BGRY). This
investigation concerns the fairness of the transaction between
Berkshire and 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.
To be contacted by a member of our team, fill out the
form:
https://claimyourloss.com/mergeracquisition/berkshire-grey-inc-submission-form/
The Berkshire Grey Merger 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law
