Engel Law PLLC is investigating whether fair value to HEXO shareholders will result from a proposed acquisition of Hexo Corp. (NASDAQ: HEXO) by Tilray Brands, Inc. (NASDAQ:TLRY), in which HEXO shareholders will receive 0.4352 shares of Tilray common stock for each HEXO share they own.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.