SMAR Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Smartsheet to Vista Equity Partners and Blackstone

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Smartsheet, Inc. to Vista Equity Partners and Blackstone for $56.50 per share, which is below the price targets set by various Wall Street analysts [1][3]. Group 1: Sale Details - Smartsheet announced an agreement to be sold for $56.50 per share in cash on September 24, 2024 [2]. - The proposed sales price is lower than the price targets from several analysts, including $63.00 from Citi and $62.00 from Guggenheim [3]. Group 2: Investigation Purpose - The investigation aims to determine if the Smartsheet Board of Directors acted in the best interests of shareholders and if the agreed price is fair [3]. - It also seeks to confirm whether all material information regarding the transaction has been fully disclosed [3].