FSCT - Insights From Forescout's Q1 2020 Results Continue To Show Deal With Advent On Shaky Ground

In late April, we expressed concerns about the Advent/Forescout deal in our post. Post Forescout's (FSCT) poor Q1 2020 financial results released the other day, Spruce Point Capital Management continues to have concerns about the Advent's acquisition of the Company for $33/share

Evidence points to extreme problems with FSCT's underlying business that cannot solely be explained by COVID-19 or the deal itself, as suggested by management. In our opinion, this could be construed as a Material Adverse Effect. Furthermore, recent actions taken by management put it at risk of having violated a