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AVDX STOCKHOLDER NOTICE: Kaskela Law LLC Announces Investigation of AvidXchange Holdings, Inc. (NASDAQ: AVDX) Proposed Stockholder Buyout and Encourages Investors to Contact the Firm
AvidXchange AvidXchange (US:AVDX) GlobeNewswire News Room·2025-05-07 19:05

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the proposed buyout of AvidXchange Holdings, Inc. at a price of $10.00 per share, amid concerns that shareholders may not be receiving adequate compensation for their shares [1][3]. Group 1: Buyout Details - AvidXchange announced an agreement to be acquired by a private equity firm TPG for $10.00 per share in cash, which will result in shareholders being cashed out and the company's shares ceasing to be publicly traded [2]. - At the time of the announcement, some analysts had set a price target of $15.00 per share for AvidXchange, raising questions about the adequacy of the buyout price [3]. Group 2: Investigation Focus - The investigation aims to determine if AvidXchange's officers or directors breached their fiduciary duties or violated securities laws in agreeing to the buyout price [3]. - Shareholders are encouraged to contact Kaskela Law LLC for more information regarding their legal rights and options related to the buyout [4].