SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Neogen Corporation (Nasdaq – NEOG)
BALA CYNWYD – December 20, 2021 /Access Wire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Neogen Corporation (“Neogen” or the “Company”) (Nasdaq – NEOG) for possible breaches of fiduciary duty and other violations of federal and state law in connection with Neogen’s agreement to acquire the food-safety business of 3M Company (“3M”) (NYSE – MMM). Under the terms of the agreement, 3M’s shareholders will receive an amount of shares of Neogen for each share of 3M they own. Neogen shareholders are expected to own approximately 49.9% of the combined company.
The investigation concerns whether the Neogen Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of shares as a result of the deal.
If you own shares of Neogen 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, 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.