BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Varonis Systems, Inc. (Nasdaq – VRNS), CCC Intelligent Solutions Holdings Inc. (Nasdaq – CCC), Bumble Inc. (Nasdaq – BMBL), Penske Automotive Group, Inc. (NYSE – PAG)

By GlobeNewswire15:51 (UTC), 16 October 2026 Updated

BALA CYNWYD, Pa., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

Varonis Systems, Inc. (Nasdaq – VRNS)

Under the terms of the Merger Agreement, Varonis will be acquired by Proofpoint, Inc., a portfolio company of Thoma Bravo, for $49.75 per share in cash. The investigation concerns whether the Varonis Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/varonis-systems-inc-nasdaq-vrns/.

CCC Intelligent Solutions Holdings Inc. (Nasdaq – CCC)

Under the terms of the Merger Agreement, CCC Intelligent Solutions will be acquired by a consortium led by GTCR and including Elliott Investment Management for $7.75 per share in cash in a transaction valuing the Company at approximately $6.1 billion. The investigation concerns whether the CCC Intelligent Solutions Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/ccc-intelligent-solutions-holdings-inc-nasdaq-ccc/.

Bumble Inc. (Nasdaq – BMBL)

Under the terms of the Merger Agreement, Bumble will be acquired by Ithaca Holdings for $6.05 per share in cash in an all-cash transaction valuing the Company at $1.3 billion. The investigation concerns whether the Bumble Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/bumble-inc-nasdaq-bmbl/.

Penske Automotive Group, Inc. (NYSE – PAG)

Under the terms of the Merger Agreement, Penske will be acquired by Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui & Co., Ltd., for $212.00 per share in cash to shareholders outside the acquiring group and valuing Penske at approximately $16.3 billion in enterprise value. The investigation concerns whether the Penske Automotive Group Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/penske-automotive-group-inc-nyse-pag/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.