Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating the acquisition of PowerSchool Holdings, Inc. by Bain Capital, focusing on potential breaches of fiduciary duties by controlling shareholders and the fairness of the merger price offered to shareholders [1][3][6]. Group 1: Merger Details - PowerSchool announced a merger agreement with Bain Capital on June 6, 2024, where shareholders will receive $22.80 per share in cash [2]. - The merger has been approved by controlling shareholders Vista Equity Partners and Onex Partners Manager LP, leaving minority shareholders without a voice in the transaction [2]. Group 2: Legal Concerns - BFA Law is concerned that the merger may be unfairly beneficial to controlling shareholders, potentially breaching fiduciary duties [3]. - The merger price of $22.80 per share is significantly lower than analyst price targets, which reach as high as $31, raising questions about the fairness of the offer [6]. Group 3: Shareholder Rights - Shareholders of PowerSchool are encouraged to seek legal options and are informed that representation by BFA Law is on a contingency fee basis, meaning no upfront costs for shareholders [4][7].
POWERSCHOOL INVESTOR REMINDER: Think $22.80 Per Share is Too Low for PowerSchool (NYSE:PWSC)? Contact BFA Law about Continuing Investigation into the Offer