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News  ›  GlobeNewswire Inc.

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Semrush Holdings, Inc. (NYSE – SEMR)

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Brodsky & Smith
SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Semrush Holdings, Inc. (NYSE – SEMR)

Law firm Brodsky & Smith is investigating potential breaches of fiduciary duty by Semrush Holdings' Board of Directors regarding the company's sale to Adobe for $12.00 per share ($1.9 billion total). The investigation questions whether the board conducted a fair process and whether the deal price provides fair value to shareholders, noting the offer is below the 52-week high of $18.74.

Insights
JCI   positive

Leading in energy-efficient technologies, committed to long-term climate goals, and developing innovative solutions for sustainable infrastructure


SEMR   negative

The company is under investigation for potential board misconduct in its acquisition by Adobe. The deal price of $12.00 per share is significantly below the 52-week high of $18.74, suggesting shareholders may have received unfair value, which raises concerns about fiduciary duty breaches.