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][3]. Group 1: Acquisition Details - On June 7, 2024, PowerSchool announced a merger agreement with Bain Capital, where shareholders will receive $22.80 per share in cash [2]. - The controlling shareholders, Vista Equity Partners and Onex Partners Manager LP, hold over 70% of PowerSchool's stock and have already approved the merger, limiting minority shareholders' influence [3]. Group 2: Investigation Focus - The investigation by BFA Law centers on whether the rollover of equity investments by Vista and Onex led to an unfair acquisition price, particularly since the merger price is significantly lower than analyst price targets, which reach as high as $31 per share [3][4]. - Concerns have been raised that Vista, Onex, and PowerSchool's board may have breached their fiduciary duties by approving a merger that primarily benefits the controlling shareholders [4]. Group 3: Legal Options for Shareholders - Shareholders of PowerSchool are encouraged to submit their information to explore their legal rights regarding the merger [5][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [6]. Group 4: BFA Law's Background - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm specializing in securities class actions and shareholder litigation, having achieved significant recoveries in past cases [7].
PWSC INQUIRY UPDATE: PowerSchool (NYSE:PWSC) Shareholders are Reminded to Contact BFA Law about Investigation into the Company's Deal Price