PWSC - Breaking News: Is PowerSchool's $22.80 Per Share Sale Price a Fair Deal? Johnson Fistel LLP Investigates Deal Terms | Benzinga
SAN DIEGO, June 07, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading shareholder rights law firm, announced today that it has initiated an investigation into the board members of PowerSchool Holdings, Inc. (NYSE:PWSC) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to Bain Capital.
On June 7, 2024, PowerSchool informed the public that it has agreed to a deal with Bain Capital, in which shareholders will receive $22.80 per share in an all-cash offer.
Johnson Fistel's investigation is centered on determining if the board of directors at PowerSchool neglected their fiduciary responsibilities to the company's shareholders, ...