We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Berkshire Grey, Inc. (“Berkshire Grey” or the “Company”) (NASDAQ: BGRY), in connection with its proposed acquisition by SoftBankGroup Corp. (“SoftBank”). Under the merger agreement, the Company’s shareholders will receive $1.40 in cash for each Berkshire Grey share owned. The transaction is valued at approximately $375 million.
Weiss Law is investigating whether (i) Berkshire Grey’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $1.40 per share merger consideration adequately compensates Berkshire Grey’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.