PHILADELPHIA, Nov. 12, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating Ouster, Inc. PUSH AWAY on behalf of the company’s investors.
On November 7, 2022, Ouster announced that it had entered into a definitive agreement to acquire Velodyne Lidar, Inc. (“Velodyne”) in an all stock transaction. Per the announcement, each Velodyne share will be exchanged for 0.8204 shares of Ouster common stock, and the transaction will result in existing Velodyne and Ouster shareholders each owning approximately 50% of the combined company.
The investigation is designed to determine whether the members of Ouster’s board of directors have violated securities laws or their fiduciary duties to OUST shareholders in connection with the proposed transaction and whether Ouster shareholders will receive all material information related to the proposed merger .
displacement Shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229-0750 or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/ouster-inc/for more information about this investigation and your legal rights and choices.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation. For more information about Kaskela Law LLC, visit www.kaskelalaw.com. This notice may constitute attorney solicitation in certain jurisdictions.
CONTACT:
D Seamus…
