Shareholder buyout fairness
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IS DAYFORCE $70.00 PER SHARE BUYOUT FAIR? Kaskela Law LLC is Actively Investigating the Shareholder Buyout and Encourages Investors to Promptly Contact the Firm to Protect Their Financial Interests
GlobeNewswire News Room· 2025-09-05 10:00
Core Viewpoint - Kaskela Law LLC is investigating the proposed buyout of Dayforce Inc. to assess the fairness of the transaction for the company's shareholders [1][3]. Group 1: Transaction Details - On August 21, 2025, Dayforce announced an agreement to be acquired by Thoma Bravo at a price of $70.00 per share in cash [2]. - Following the transaction's closing, investors will be cashed out and will not benefit from any future upside of the company [2]. Group 2: Investigation Findings - The investigation has revealed significant conflicts of interest in the transaction, suggesting that the sales process and consideration may be unfair to shareholders [3]. - At the time of the announcement, several stock analysts had price targets for Dayforce's shares exceeding $80.00 per share, indicating a potential undervaluation in the buyout offer [3].
AVIDXCHANGE SHAREHOLDER NOTICE: Kaskela Law LLC Announces Investigation into Fairness of AvidXchange Holdings, Inc. (NASDAQ: AVDX) Proposed Shareholder Buyout and Encourages Investors to Contact the Firm
Prnewswire· 2025-06-04 12:01
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, as concerns arise regarding whether shareholders are receiving adequate compensation for their shares [1][2][3]. Group 1: Buyout Details - On May 6, 2025, AvidXchange announced an agreement to be acquired by an investment group led by TPG for $10.00 per share in cash [2]. - Following the transaction's closure, AvidXchange's shares will no longer be publicly traded, effectively cashing out shareholders [2]. Group 2: Investigation Focus - The investigation aims to assess if AvidXchange's investors are receiving sufficient monetary consideration and whether the company's officers or directors breached fiduciary duties or violated securities laws in agreeing to the buyout price [3]. - At the time of the announcement, at least two stock analysts had set a price target of $15.00 per share for AvidXchange, raising questions about the fairness of the buyout price [3].