BALA CYNWYD, Penn., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Law office 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 law 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 shares of Orthofix common stock for each share of SeaSpine common stock owned. Following the close 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 the SeaSpine Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership in the combined company.
If you own shares of SeaSpine stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit 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 expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.