BRODSKY & SMITH INVESTOR ALERT: Updates on Ongoing Investigations for Paramount Group, Inc. (NYSE – PGRE), Tourmaline Bio, Inc. (Nasdaq - TRML), BT Brands, Inc. (Nasdaq - BTBD), and WideOpenWest, Inc. (NYSE - WOW)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2025
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Source: Globenewswire
Investigations Announced: Brodsky & Smith is reminding investors of ongoing investigations into several companies, including Tourmaline Bio, BT Brands, Paramount Group, and WideOpenWest, regarding potential breaches of fiduciary duties by their boards during merger agreements.
Merger Details: Each company is involved in significant merger agreements, with Tourmaline Bio being acquired by Novartis for $48.00 per share, BT Brands merging with Aero Velocity, Paramount Group being acquired by Rithm Capital for $6.60 per share, and WideOpenWest being acquired for $5.20 per share.
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About BTBD
BT Brands, Inc. operates fast-food and casual dining restaurants, including Burger Time locations in North Dakota, South Dakota, and Minnesota; Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts; Keegan’s Seafood Grille near Clearwater, Florida, and Schnitzel Haus in Hobe Sound, Florida. The Company also owns a 40.7% interest in Bagger Dave’s Burger Tavern, Inc. It owns and operates Keegan’s Seafood Grille (Keegan’s), a dine-in restaurant; Pie In The Sky Coffee and Bakery (PIE), a casual dining coffee shop bakery, and Schnitzel Haus (Schnitzel), a German-themed restaurant. Its Burger Time restaurants offer a variety of burgers and other foods, sides, and soft drinks. Keegan’s Seafood Grille offers a variety of traditional fresh seafood items for lunch and dinner. PIE features an array of freshly prepared baked goods, sandwiches, and its locally roasted coffee. Schnitzel is a full-service restaurant and bar featuring a German-themed menu and specialty imported European beers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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