ESMT - ENGAGESMART MERGER ALERT - Andrews & Springer LLC Is Seeking More Cash for Stockholders of EngageSmart Inc. - ESMT | Benzinga
WILMINGTON, Del., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of EngageSmart, Inc. (NYSE:ESMT) ("EngageSmart" or the "Company") relating to the sale of the Company to private equity firm Vista Equity Partners. On October 23, 2023, the two parties announced that they reached an agreement in principle pursuant to which Vista will acquire EngageSmart in a going private merger. As a result of the merger, Inovalon shareholders are only anticipated to receive only $23.00 per share in cash in exchange for each share of EngageSmart.
Our Firm's investigation so far has discovered that the merger appears to have significant conflicts of interest, thus making the process and consideration unfair. While the Company ...