BALA CYNWYD, Pa., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
HanesBrands Inc. (NYSE - HBI)
Under the terms of the agreement, HanesBrand will be acquired by Gildan Activewear Inc. (“Gildan”) (NYSE - GIL). HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.80 in cash for each share of HanesBrands common stock. Based on the closing price of Gildan and HanesBrands’ common stock on August 11, 2025, the offer implies a value of $6.00 per HanesBrands share. The investigation concerns whether the HanesBrands Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders. For example, the deal consideration is below the 52-week high of $9.10 for the Company’s shares and upon completion of the deal, HanesBrands shareholders will own approximately 19.9% of the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/hanesbrands-nyse-hbi/.
Sapiens International Corporation N.V. (Nasdaq – SPNS)
Under the terms of the agreement, Sapiens will be acquired by Advent for $43.50 per common share in an all-cash transaction that values Sapiens at an equity value of approximately $2.5 billion. The investigation concerns whether the Sapiens Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/sapiens-international-corporation-n-v-nasdaq-spns/.
American Woodmark Corporation (Nasdaq - AMWD)
Under the terms of the Merger Agreement, American Woodwork will be acquired by MasterBrand, Inc. (“MasterBrand”) (NYSE - MBC). American Woodmark shareholders will receive 5.150 shares of MasterBrand common stock for each share of American Woodmark common stock owned. MasterBrand and American Woodmark shareholders will own approximately 63% and 37% of the combined company, respectively. The investigation concerns whether the American Woodmark Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/american-woodmark-corporation-nasdaq-amwd/.
Performant Healthcare, Inc. (Nasdaq - PHLT)
Under the terms of the Merger Agreement, Performant Healthcare will be acquired by Machinify for $7.75 per share in cash. The investigation concerns whether the Performant Healthcare Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the consideration provides fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/performant-healthcare-inc-nasdaq-phlt/.
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.
