NEW YORK, March 04, 2021 (GLOBE NEWSWIRE) -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders.   Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:

• The Michaels Companies, Inc. (NASDAQ: MIK)
  

The Michaels Companies, Inc. has agreed to be acquired by affiliates of Apollo Global Management. Under the proposed transaction, shareholders of Michaels will receive $22.00 per share.

• Starboard Value Acquisition Corp. (NASDAQ: SVAC)
  

Starboard Value Acquisition Corp. has agreed to merge with Cyxtera Technologies. Under the proposed transaction, Cyxtera will combine with Starboard Value to become publicly traded.

• Communications Systems, Inc. (NASDAQ: JCS)
  

Communications Systems has agreed to be acquired by Pineapple Energy. Under the proposed transaction, shareholders of Communications Systems will initially own 37% of the combined company.

• Ascendant Digital Acquisition Corp. (NYSE: ACND)
  

Ascendant Digital Acquisition Corp. has agreed to merge with Beacon Street Group. Under the proposed transaction, Ascendant Digital shareholders will own just 13% of the combined company.

Moore Kuehn is investigating whether the Boards of the above companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process.

Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq. by email at jkuehn@moorekuehn.com or telephone at (212) 709-8245. The consultation and case are free with no obligation to you. Moore Kuehn pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

Moore Kuehn is a 5-star Google rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims. For additional information about Moore Kuehn, please visit http://www.moorekuehn.com/practice/new-york-securities-litigation/.

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Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8^th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245