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Kaskela Law LLC Announces Investigation of PowerSchool Holdings, Inc. (PWSC) Proposed $22.80 Per Share Shareholder Buyout and Encourages Investors to Contact the Firm
PowerSchoolPowerSchool(US:PWSC) GlobeNewswire News Room·2024-08-28 18:00

Core Viewpoint - Kaskela Law LLC is investigating the proposed buyout of PowerSchool Holdings, Inc. by Bain Capital, focusing on whether shareholders are receiving adequate compensation and if there were any breaches of fiduciary duties by the company's officers or directors [1][3]. Group 1: Buyout Details - On June 7, 2024, PowerSchool announced an agreement to be acquired by Bain Capital at a price of $22.80 per share in cash, representing a premium of $0.43 per share, or less than 2%, over the previous day's closing price of $22.37 [2]. - Following the transaction's closure, PowerSchool's current shareholders will be cashed out, and the company's shares will cease to be publicly traded [2]. Group 2: Investigation Focus - The investigation aims to assess if PowerSchool's shareholders are receiving sufficient consideration for their shares and whether there were any violations of securities laws or breaches of fiduciary duties by the company's leadership in agreeing to the buyout price [3]. - Prior to the buyout announcement, at least one stock analyst had set a price target of $30.00 per share for PowerSchool, indicating a potential undervaluation in the proposed buyout price [3].