On or around 11/28/2018 (Ongoing date of last review)
Filing Date: November 27, 2018
According to the Complaint, Cambium Learning Group Inc ("Cambium" or the Company) sells products that focus on supplemental instruction, professional development, and student assessments.
The Proposed Transaction was first disclosed on October 15, 2018, when Cambium and Veritas Capital announced that they had entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which Veritas Capital will acquire all of the outstanding shares of common stock of Cambium for $14.50 per share (the “Merger Consideration”). The deal is expected to close in the fourth quarter of 2018 or the first quarter of 2019.
The Complaint alleges that on November 19, 2018 Defendants caused a materially incomplete and misleading information statement to be filed with the Securities and Exchange Commission (“SEC”) .
Company & Securities Information
Defendant: Cambium Learning Group Inc
Headquarters: United States
Ticker Symbol: ABCD
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Eric Strahan, et al. v. Cambium Learning Group Inc, et al.