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
