PWSC) Shareholders should contact the company regarding the investigation into the company’s takeover price

NEW YORK, NY / ACCESSWIRE / July 10, 2024 / Top law firm Bleichmar Fonti & Auld LLP is investigating Bain Capital’s acquisition of PowerSchool Holdings, Inc. (“PowerSchool”) (NYSE:PWSC).

If you have invested in PowerSchool, you can get more information at: https://www.bfalaw.com/cases/powerschool-holdings-inc-investigation.

Why is PowerSchool being studied by BFA Law?

On June 6, 2024, PowerSchool publicly announced that it had signed a merger agreement to be acquired by Bain Capital, pursuant to which PowerSchool shareholders will receive $22.80 per share in cash. Minority shareholders will have no say in the transaction as PowerSchool’s majority shareholders, Vista Equity Partners (“Vista”) and Onex Partners Manager LP (“Onex”), have already consented in writing to the merger agreement.

PowerSchool is controlled by Vista and Onex, which collectively own over 70% of PowerSchool’s stock. According to the merger announcement, Vista and Onex will transfer a portion of their equity interests in the company upon merger closing. BFA Law is currently investigating whether Vista and Onex’s transfer resulted in Bain Capital offering an unfair price to acquire PowerSchool. The question is particularly relevant because the merger price of $22.80 per share in cash is well below analysts’ price targets, which are as high as $31.

BFA Law is concerned that Vista and Onex, as well as members of PowerSchool’s board of directors, may have breached their fiduciary duty by agreeing to an unfair merger transaction in favor of the majority shareholders.

Shareholders are encouraged to submit their information to learn about their rights.

Submit your information here: https://www.bfalaw.com/cases/powerschool-holdings-inc-investigation

Next Steps:

If you currently own shares of PowerSchool, you may have legal options available to you and are encouraged to contact the company.

All representation is on a contingency basis. There are no costs for you. Shareholders will not be responsible for any court or litigation costs. The Company will seek court approval for any fees and costs.

To speak with an attorney and get more information, visit:

https://www.bfalaw.com/cases/powerschool-holdings-inc-investigation

Or contact us:

Ross Shikowitz
(email protected)
212-789-2303

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in class actions and shareholder litigation. It was named a Top 5 Plaintiffs Firm for 2023 by ISS SCAS and its lawyers have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Recent notable successes include BFA recovering over $900 million in value from the board of Tesla, Inc. (subject to court approval) and $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/powerschool-holdings-inc-investigation

Attorney advertising. Past results do not guarantee future results.

SOURCE: Bleichmar Fonti & Auld LLP