PHILADELPHIA, PA / ACCESSWIRE / August 26, 2024 / Kaskela Law LLC announces that it is investigating PowerSchool Holdings, Inc. (NYSE:PWSC) ("PowerSchool") on behalf of the company's shareholders.
On June 7, 2024, PowerSchool announced that it had agreed to be acquired by private investment firm Bain Capital, LP at a price of $22.80 per share in cash - a premium of just $0.43 per share, or less than 2%, to the stock's prior day closing price of $22.37. Following the closing of the proposed transaction, PowerSchool's current stockholders will be cashed out of their investment position and the company's shares will no longer be publicly traded.
The investigation thus far has revealed that the process leading up to the announcement of the buyout appears to have significant conflicts of interest, thus making the sales process as well as the price-per-share appear unfair to the company's shareholders. Notably, immediately prior to the announcement of the proposed transaction, at least one stock analyst was maintaining a price target for PWSC shares of $30.00 per share.
PowerSchool shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) to receive additional information about this investigation and their legal rights and options at (484) 229 - 0750, or by clicking on the following link (or if necessary, by copying and pasting the link into your browser):
https://kaskelalaw.com/case/powerschool/
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 - 1740
(484) 229 - 0750
www.kaskelalaw.com
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SOURCE: Kaskela Law LLC