Are ONTF, MPX, WBS Obtaining Fair Deals for their Shareholders?

Rhea-AI Summary

{"summary":"","positive":[],"negative":[],"faq":[]}

Key Figures

ONTF deal price: $8.10 per share in cash MPX cash component: $2.43 per share in cash MPX stock component: 0.232 MasterCraft shares per MPX share +2 more

5 metrics

ONTF deal price $8.10 per share in cash Consideration in ON24, Inc. sale to Cvent

MPX cash component $2.43 per share in cash Cash portion of Marine Products sale to MasterCraft

MPX stock component 0.232 MasterCraft shares per MPX share Stock portion of Marine Products sale to MasterCraft

WBS cash component $48.75 per share in cash Cash portion of Webster sale to Banco Santander

WBS ADS component 2.0548 Santander American Depository Shares per share Stock portion of Webster sale to Banco Santander

Market Reality Check

Price: $7.84 Vol: Volume 63,451 is modestly...

normal vol

$7.84 Last Close

Volume Volume 63,451 is modestly above the 20-day average of 56,096 (relative volume 1.13). normal

Technical Shares at $7.84 trade 22.22% below the 52-week high and 4.67% above the 52-week low, and are below the $8.74 200-day MA.

Peers on Argus

MPX is down 1.75% while key peer MCFT is down 0.46% and others like MBUU (+0.32%...

MPX is down 1.75% while key peer MCFT is down 0.46% and others like MBUU (+0.32%), WGO (+0.09%), KNDI (+7.5%) and MAMO (+4.27%) are mixed to positive, pointing to stock-specific factors around the merger scrutiny rather than a broad sector move.

Historical Context

5 past events · Latest: Feb 11 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 11	Deal fairness inquiry	Negative	+0.6%	Law firm questioned fairness of merger terms for shareholders.
Feb 05	Earnings and merger	Negative	-17.0%	4Q and FY 2025 results plus disclosure of pending MasterCraft combination.
Jan 28	Dividend declaration	Positive	-2.7%	Announced regular quarterly cash dividend of $0.14 per share.
Jan 20	Earnings date set	Neutral	-3.5%	Scheduled release and call for 4Q 2025 financial results.
Oct 30	Q3 earnings, dividend	Neutral	+0.3%	Reported Q3 2025 results and declared regular quarterly dividend.

Pattern Detected

Recent history shows significant moves around earnings and merger-related communications, with mixed alignment: some shareholder/merger legal news saw positive reactions despite potential concerns, while fundamental updates like earnings often coincided with notable declines.

Recent Company History

Over the last several months, MPX news has centered on financial results, dividends, and the proposed merger with MasterCraft. The Feb 5, 2026 earnings release and merger disclosure coincided with a -17% move, while earlier dividend and conference-call notices saw smaller declines. A prior fairness-focused legal investigation headline on Feb 11, 2026 produced a modest +0.63% gain. Today’s law-firm scrutiny of the merger consideration fits this ongoing transaction-related narrative.

Market Pulse Summary

This announcement highlights a law firm’s investigation into whether MPX’s sale terms to MasterCraft...

Analysis

This announcement highlights a law firm’s investigation into whether MPX’s sale terms to MasterCraft provide fair value to shareholders, given the mix of $2.43 in cash and 0.232 MasterCraft shares per share. It adds to a series of merger‑related filings and prior fairness inquiries. Investors may track upcoming proxy materials, regulatory communications, and any changes to deal terms alongside the company’s recent earnings and dividend history to assess how the transaction evolves relative to prior disclosures.

Key Terms

fiduciary duties, securities fraud, contingent fee, american depository shares

4 terms

fiduciary duties regulatory

"potential violations of the federal securities laws and/or breaches of fiduciary duties"

Fiduciary duties are the legal and ethical responsibilities that company directors, officers, or financial advisors have to put shareholders’ interests ahead of their own, acting with honesty, care, and loyalty. Think of it like a guardian managing someone’s money: choices must prioritize the owner’s benefit, avoid conflicts, and be made with prudent judgment; investors rely on these duties to ensure decisions aren’t self‑serving and to provide grounds for legal action if abused.

securities fraud regulatory

"investors all over the world who have fallen victim to securities fraud and corporate misconduct"

Securities fraud is the illegal act of lying to or misleading investors about the true value or prospects of stocks, bonds or other traded financial instruments — for example by making false statements, hiding key facts, trading on secret information, or artificially moving prices. It matters to investors because it can cause sudden losses, distort fair market prices and undermine trust in markets; think of it as someone rigging a scoreboard so others place bets on the wrong team.

contingent fee financial

"We would handle any matter on a contingent fee basis, whereby you would not be responsible"

A contingent fee is a payment arrangement where a party — often a lawyer, adviser or broker — gets paid only if a specified result is achieved, such as winning a case, completing a deal or recovering funds. For investors, contingent fees matter because they shift risk from the client to the service provider, can influence the timing and size of payments, and create incentives that may affect negotiation, litigation or deal strategies, similar to hiring a contractor who gets paid only when a job is finished successfully.

american depository shares financial

"for $48.75 in cash and 2.0548 Santander American Depository Shares for each Webster"

American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.

AI-generated analysis. Not financial advice.

Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.

The proposed transactions may contain terms that could limit superior competing offers.

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

NEW YORK, Feb. 18, 2026 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

ON24, Inc. (NYSE: ONTF)'s sale to Cvent for $8.10 per share in cash. If you are an ON24 shareholder, click here to learn more about your rights and options.  

Marine Products Corporation (NYSE: MPX)'s sale to MasterCraft Boat Holdings, Inc. for $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine. If you are a Marine shareholder, click here to learn more about your rights and options.  

Webster Financial Corporation (NYSE: WBS)'s sale to Banco Santander, S.A. for $48.75 in cash and 2.0548 Santander American Depository Shares for each Webster common share. If you are a Webster shareholder, click here to learn more about your legal rights and options.

On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/are-ontf-mpx-wbs-obtaining-fair-deals-for-their-shareholders-302691705.html

SOURCE Halper Sadeh LLP