BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Inozyme Pharma, Inc. (Nasdaq – INZY), TXNM Energy, Inc. (NYSE - TXNM), Servotronics, Inc. (NYSE American - SVT), Protagenic Therapeutics, Inc. (Nasdaq – PTIX)

Associated Press

19-05-2025

BALA CYNWYD, Pa., May 19, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847. There is no cost or financial obligation to you.
TXNM Energy, Inc. (NYSE - TXNM)
Under the terms of the agreement, TXNM Energy will be acquired by Blackstone Infrastructure for $61.25 per share in cash, reflecting a total enterprise value of $11.5 billion. The investigation concerns whether the TXNM Energy 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/txnm-energy-inc-nyse-txnm/.
Inozyme Pharma, Inc. (Nasdaq – INZY)
Under the terms of the Merger Agreement, Inozyme Pharma will be acquired by BioMarin Pharmaceutical Inc. ('BioMarin') (Nasdaq – BMRN) for $4.00 per Inozyme Pharma share in an all-cash transaction for a total consideration of approximately $270 million. The investigation concerns whether the Inozyme Pharma Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal provides fair value to the Company's shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/inozyme-pharma-inc-nasdaq-inzy/.
Servotronics, Inc. (NYSE American - SVT)
Under the terms of the agreement, Servotronics will be acquired by TransDigm for $38.50 per share in cash, in a transaction valued at approximately $110 million. The investigation concerns whether the Servotronics 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/servotronics-inc-nyse-american-svt/.
Protagenic Therapeutics, Inc. (Nasdaq – PTIX)
Under the terms of the Merger Agreement, Protagenic Therapeutics will be acquired by Phytanix Bio Inc. ('Phytanix') Ownership of the combined company will be approximately 35% for Protagenic Therapeutics stockholders and approximately 65% for Phytanix stockholders. The investigation concerns whether the Protagenic Therapeutics Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to the Company's shareholders in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/protagenic-therapeutics-inc-nasdaq-ptix/.
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