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Johnson Fistel Investigates Fairness of Proposed Sale of Verint
GlobeNewswire News Room· 2025-08-25 14:04
Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into potential breaches of fiduciary duties by the board members of Verint Systems Inc. regarding the proposed sale to Thoma Bravo, which is perceived to undervalue the company significantly [1][6]. Company Overview - Verint Systems Inc. has entered into a definitive merger agreement with Thoma Bravo, where shareholders will receive $20.50 in cash per share [6]. - The proposed merger price is notably lower than Verint's 52-week high of $34.80 per share, despite positive projections from Wall Street analysts regarding the company's sales and revenue growth [6]. Legal Context - Johnson Fistel, PLLP is a recognized shareholder rights law firm that represents both individual and institutional investors in derivative and class action lawsuits [3]. - The firm has a history of recovering significant amounts for clients, having secured approximately $90.725 million in 2024 for aggrieved clients [4].
X @Bloomberg
Bloomberg· 2025-08-25 13:04
Thoma Bravo has agreed to buy Verint Systems for $1.23 billion in cash as the private equity firm builds out its software portfolio https://t.co/IODpPIqISW ...
传Thoma Bravo接近收购呼叫中心软件制造商Verint系统(VRNT.US) 估值约20亿美元
智通财经网· 2025-08-25 01:56
Group 1 - Thoma Bravo is set to acquire Verint Systems, valuing the company at approximately $2 billion, including debt [1] - The announcement of the agreement may occur as early as Monday, although a final decision has not yet been made [1] - Following the news, Verint's stock price rose by 6% to $20.47, with a market capitalization of around $1.2 billion, and continued to increase by 18% in after-hours trading [1] Group 2 - Verint Systems is headquartered in Melville, New York, and claims to be a leader in customer experience automation, serving approximately 10,000 clients across 175 countries [1] - The company has been publicly traded on the NASDAQ since 2002 [1] - In February 2021, Verint completed a spin-off of Cognyte Software, which focuses on investigative analytics software, with Cognyte's market capitalization estimated at $639 million [1]
X @Bloomberg
Bloomberg· 2025-08-25 00:24
Buyout firm Thoma Bravo is nearing a deal to acquire Verint Systems that would value the call center software maker at about $2 billion, including debt https://t.co/ZwVwI31XJ1 ...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DAY and NWE on Behalf of Shareholders
GlobeNewswire News Room· 2025-08-23 15:02
Group 1 - Halper Sadeh LLC is investigating Dayforce, Inc. for potential violations related to its sale to Thoma Bravo at $70.00 per share in cash [1] - NorthWestern Energy Group, Inc. is being investigated regarding its sale to Black Hills Corp. for 0.98 shares of Black Hills for each share of NorthWestern, resulting in NorthWestern shareholders owning approximately 44% of the combined company [2] - The firm may seek increased consideration for shareholders and additional disclosures concerning the proposed transactions [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Dayforce, Inc.
Prnewswire· 2025-08-21 21:06
Core Viewpoint - Rowley Law PLLC is investigating potential securities law violations by Dayforce, Inc. and its board of directors regarding the proposed acquisition by Thoma Bravo, which values the transaction at approximately $12.3 billion [1]. Group 1: Acquisition Details - Dayforce, Inc. stockholders will receive $70.00 for each share they hold as part of the acquisition [1]. - The acquisition transaction is expected to close in early 2026 [1]. Group 2: Legal Investigation - Rowley Law PLLC is representing shareholders in the investigation concerning the acquisition [1]. - Additional information regarding the investigation can be obtained through Rowley Law PLLC's website or by contacting their office directly [2].
Thoma Bravo to Acquire Dayforce for $12.3 Billion
Bloomberg Technology· 2025-08-21 20:04
Your biggest deal ever at a time when your rivals have kind of been languishing, trying to even get deals done. And when they do, it's kind of in the single digit billions. So why this size of deal and why this one now.Yeah, well, thank you so much, first of all, Danni, for having me. It's a very exciting day, a very exciting transaction for Tamar. Bravo.And look, we don't think so much about the size of the deal. We think a lot more about the fundamentals and what we can do with the company. This company d ...
X @Bloomberg
Bloomberg· 2025-08-21 17:40
Goldman Sachs committed a $6 billion debt financing package to support Thoma Bravo’s acquisition of human resources software provider Dayforce, sources say https://t.co/ZXiltX4nUg ...
X @Bloomberg
Bloomberg· 2025-08-21 17:21
Today in Bloomberg Deals: Thoma Bravo's biggest-ever deal, Mediobanca investors reject Banca Generali bid and India becomes a hub for Green IPOs https://t.co/hjGgy8HjkO ...
Dayforce Enters into US$12.3 Billion Definitive Agreement with Thoma Bravo to Become a Private Company
Globenewswire· 2025-08-21 11:00
Core Viewpoint - Dayforce, a leader in human capital management technology, has agreed to be acquired by Thoma Bravo in an all-cash transaction valued at US$12.3 billion, providing stockholders with US$70 per share, a 32% premium over the unaffected share price prior to the announcement [1][2]. Company Overview - Dayforce is recognized for its commitment to improving work life and aims to enhance customer value and AI leadership in the HCM sector through this acquisition [3][4]. - The company operates a single AI-powered platform that supports various HR functions, benefiting thousands of customers and millions of employees globally [7]. Transaction Details - The acquisition is expected to close in early 2026, pending stockholder approval and regulatory clearances. Post-transaction, Dayforce will no longer be publicly traded [5]. - The transaction includes a significant minority investment from the Abu Dhabi Investment Authority [2]. Strategic Intent - Thoma Bravo aims to leverage Dayforce's differentiated platform and global scale to accelerate growth and innovation in the HCM market, particularly in the context of AI advancements [4][8]. - Dayforce's leadership believes the transaction will deliver immediate and substantial value to its stockholders while enhancing its operational capabilities [3]. Advisory and Financing - Evercore is the exclusive financial advisor for Dayforce, while Goldman Sachs & Co. LLC is providing financing for the transaction. Thoma Bravo is advised by J.P. Morgan Securities LLC [6].