Halper Sadeh investigates Corebridge, Equitable, Avanos deals
Halper Sadeh LLC is investigating the proposed mergers of Corebridge Financial and Equitable Holdings, as well as the sale of Avanos Medical to affiliates of American Industrial Partners, to assess if the deals are fair to shareholders. The firm is also reviewing several other corporate transactions, including those involving Roku, Huntsman, and Olin, for potential breaches of fiduciary duties. Shareholders are encouraged to contact the firm to discuss their rights and options.
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Halper Sadeh LLC is investigating whether Corebridge Financial, Inc., Equitable Holdings, Inc., and Avanos Medical, Inc. are obtaining fair deals for their shareholders. The firm is scrutinizing the proposed merger between Corebridge and Equitable, where Corebridge shareholders will receive 1.0000 shares and Equitable shareholders will receive 1.55516 shares of the combined company's common stock. Upon closing, Corebridge shareholders will own approximately 51% of the combined company, while Equitable shareholders will own approximately 49%. The firm is also probing the sale of Avanos Medical to affiliates of American Industrial Partners for $25.00 per share in cash.
The investigations focus on whether the consideration and the process leading to these transactions are adequate. Halper Sadeh LLC is examining if the proposed transactions contain terms that could limit superior competing offers. Insiders may stand to receive substantial financial benefits not available to ordinary shareholders. The firm is also reviewing the sales of Roku, Inc. to Fox Corporation, Huntsman Corporation to Olin Corporation, Arcosa, Inc. to CRH, Open Lending Corporation to ANV Group Holdings Ltd., Simulations Plus, Inc. to affiliates of Altaris, LLC, and AstroNova, Inc. to Arcline Investment Management.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits. Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. The firm handles matters on a contingent fee basis, meaning shareholders would not be responsible for out-of-pocket payment of legal fees or expenses.
Key Details of the Investigations
| Target Company | Acquirer | Offer Price |
|---|---|---|
| Corebridge Financial, Inc. | Equitable Holdings, Inc. | 1.0000 shares of combined company |
| Equitable Holdings, Inc. | Corebridge Financial, Inc. | 1.55516 shares of combined company |
| Avanos Medical, Inc. | Affiliates of American Industrial Partners | $25.00 per share in cash |
| Roku, Inc. | Fox Corporation | $96.00 in cash and 0.9693 shares of Fox Class A common stock |
| Huntsman Corporation | Olin Corporation | 0.5476 shares of Olin |
| Olin Corporation | Huntsman Corporation | Merger of equals (Olin to own ~54.5%) |
| Arcosa, Inc. | CRH | $150.00 per share |
| Open Lending Corporation | ANV Group Holdings Ltd. | $3.15 per share |
| Simulations Plus, Inc. | Affiliates of Altaris, LLC | $18.50 per share |
| AstroNova, Inc. | Arcline Investment Management | $29.00 per share in cash |
Halper Sadeh LLC represents investors globally who have fallen victim to securities fraud and corporate misconduct. The firm's attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Shareholders can contact Daniel Sadeh, Esq. or Zachary Halper, Esq. at (212) 763-0060 or via email at sadeh@halpersadeh.com or zhalper@halpersadeh.com .
What are the potential regulatory hurdles that could delay or block the proposed merger between Corebridge Financial and Equitable Holdings?
How might the investigation into Avanos Medical's sale to American Industrial Partners influence future private equity deals in the healthcare sector?
Could the scrutiny of these deals lead to increased shareholder activism or demands for greater transparency in future M&A transactions?
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