PWSC ACQUISITION NEWS: PowerSchool's (NYSE:PWSC) $22.80 Per Share Deal is Being Reviewed by BFA Law, Shareholders are Notified to Contact the Firm

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating the acquisition of PowerSchool Holdings, Inc. by Bain Capital due to concerns over the fairness of the buyout price offered to shareholders [1][2]. Group 1: Acquisition Details - PowerSchool announced a merger agreement with Bain Capital on June 7, 2024, where shareholders will receive $22.80 per share in cash [1]. - The controlling shareholders, Vista Equity Partners and Onex Partners Manager LP, collectively own over 70% of PowerSchool's stock and have already approved the merger [2]. Group 2: Price Concerns - The merger price of $22.80 per share is significantly lower than analyst price targets, which reach as high as $31 [2]. - BFA Law is investigating whether the rollover of equity investments by Vista and Onex influenced Bain Capital to offer an unfair price for the acquisition [2]. Group 3: Fiduciary Duty Issues - There are concerns that Vista, Onex, and members of PowerSchool's board may have breached their fiduciary duties by approving a merger that benefits controlling shareholders at the expense of minority shareholders [3].