Halper Sadeh Investigates Ventyx and ON24 Shareholder Rights Violations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Globenewswire
- Ventyx Acquisition Investigation: Halper Sadeh LLC is investigating Ventyx Biosciences, Inc. (NASDAQ: VTYX) for potential fiduciary duty breaches related to its sale to Eli Lilly for $14.00 per share, aiming to protect shareholder rights.
- ON24 Shareholder Rights: The firm is also scrutinizing ON24, Inc. (NYSE: ONTF) regarding its cash sale to Cvent for $8.10 per share, assessing possible violations of federal securities laws to ensure shareholders receive fair compensation.
- Flushing Financial Merger: In the merger with OceanFirst Financial Corp., Flushing Financial Corp. (NASDAQ: FFIC) shareholders will receive 0.85 shares of OceanFirst stock for each share of Flushing, with Halper Sadeh evaluating the fairness of this transaction.
- OceanFirst Shareholder Impact: Following the merger, OceanFirst shareholders are expected to own approximately 58% of the combined entity, and Halper Sadeh LLC may seek increased compensation and disclosures for shareholders to safeguard their rights.
Analyst Views on FFIC
Wall Street analysts forecast FFIC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FFIC is 14.25 USD with a low forecast of 14.00 USD and a high forecast of 14.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 15.040
Low
14.00
Averages
14.25
High
14.50
Current: 15.040
Low
14.00
Averages
14.25
High
14.50
About FFIC
Flushing Financial Corporation is the holding company for Flushing Bank (the Bank). The Bank offers the products, services, and conveniences associated with large commercial banks, including a full complement of deposit, loan, equipment finance, and cash management services. The Bank's principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties loans, commercial business loans, commercial real estate mortgage loans and, to a lesser extent, one-to-four family loans; construction loans; small business administration (SBA) loans; mortgage loan surrogates, such as mortgage-backed securities; and United States government securities, corporate fixed-income securities and other marketable securities. The Bank also operates an Internet branch that operates under the brands of iGObanking.com and BankPurely.
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.
