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Johnson Fistel Investigates OneStream, Inc. (OS) Shareholders' Rights Following Board Approval of $24.00 Take-Private Transaction
Globenewswire· 2026-01-21 13:09
Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into OneStream, Inc. regarding potential breaches of fiduciary duties by its board members in relation to a proposed take-private transaction valued at approximately $6.4 billion [1][2]. Group 1: Transaction Details - OneStream has approved a take-private transaction in an all-cash deal valued at around $6.4 billion, with public shareholders set to receive $24.00 per share [2]. - The transaction will involve the monetization of existing ownership interests, including those held by certain large stockholders [2]. Group 2: Investigation Focus - The investigation by Johnson Fistel aims to determine if the process leading to the transaction was fair to public shareholders [2]. - It will also assess whether any officers, directors, or affiliated parties may receive benefits that are not proportionately shared with other investors [2]. Group 3: Shareholder Participation - Shareholders of OneStream who believe the proposed transaction may not fully reflect the company's value are encouraged to participate in the investigation [3].
JAMF INVESTMENT: Jamf Holding Corp. Shareholders are Reminded to Contact BFA Law about its Ongoing Investigation into the $13.05 Take Private Transaction
Newsfile· 2025-11-28 13:18
Core Viewpoint - Jamf Holding Corp. is under investigation for potential breaches of fiduciary duties by its board of directors regarding a proposed take-private transaction at a price of $13.05 per share, which may be considered unfair to shareholders [2][4]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on whether Jamf's board and Vista Equity Partners have acted in the best interests of shareholders during the acquisition process [6][8]. - The acquisition agreement was announced on October 29, 2025, with Francisco Partners Management, L.P. offering $13.05 per share, raising concerns about the fairness of this valuation [4][5]. - Vista Equity Partners holds a significant 34.4% stake in Jamf and has the right to appoint four out of nine board members, which may create conflicts of interest in the transaction [5]. Group 2: Shareholder Actions - Current shareholders of Jamf are encouraged to seek additional information and may have legal options available to them regarding the ongoing investigation [3][7]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [7][8].
Guess? Q3 revenue up 7% as guidance paused amid Authentic deal
Yahoo Finance· 2025-11-26 12:18
Core Insights - The company reported a revenue growth of 7% in US dollars and 5% in constant currency for Q3 FY26, driven by strong performance in the Americas Wholesale and European markets [2] - The Americas retail division saw a 2% decline in revenue, with comparable sales decreasing by 3% [1][2] - The company experienced a net earnings improvement to $25.6 million from a GAAP net loss of $23.4 million in the same quarter last year [2] Financial Performance - GAAP earnings from operations were reported at $23.2 million, a decrease of 45.2% from $42.3 million in the previous year [3] - The operating margin under GAAP fell to 2.9%, down from 5.7% in the prior-year quarter, attributed to higher expenses including transaction costs related to a pending take-private deal [3] Proposed Transaction - The company has entered into a definitive agreement with Authentic Brands Group for a take-private transaction, where Authentic will acquire a controlling stake of 51% [4] - The transaction is subject to regulatory approvals and is expected to close in Q4 FY26 [5] - Financial guidance for fiscal 2026 has been suspended due to the proposed transaction, with previous projections indicating revenue growth of 5.5% to 7.4% and GAAP operating earnings between $124 million to $148 million [5]
GRINDR NOTICE: Grindr Inc. (GRND) Board Faces Investigation into $18 Take Private Deal, Investors Urged to Contact BFA Law
Newsfile· 2025-11-24 11:08
Core Viewpoint - Grindr Inc.'s board of directors and majority stockholders are under investigation for potential breaches of fiduciary duties related to a proposed take-private transaction that would cash out minority shareholders at $18 per share [1][3][5]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on the actions of majority stockholders James Fu Bin Lu and George Raymond Zage, III [1][5]. - On October 14, 2025, SEC filings indicated that Lu and Zage were proposing a transaction to take Grindr private, which would exclude minority shareholders while maintaining their ownership [3]. - The offer to purchase minority shares at $18.00 per share was publicly disclosed on October 24, 2025 [3]. Group 2: Transaction Conditions - The proposed take-private transaction does not appear to require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the board [4]. - The special committee's role in overseeing the transaction and protecting minority shareholders' interests remains uncertain [4]. Group 3: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [6].
GRND SHAREHOLDERS: An Investigation into the Grindr Inc. $18 Take Private Sale has been Initiated on behalf of Shareholders -- Contact BFA Law
Globenewswire· 2025-11-21 11:08
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 per share [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur court costs or litigation expenses [6].
Buckley Capital Advisors Issues Statement Regarding Controlling Shareholder's Take-Private Proposal for Priority Technology Holdings, Inc.
Prnewswire· 2025-11-19 14:05
Core Viewpoint - Buckley Capital Advisors opposes the non-binding proposal from CEO Thomas Priore to take Priority Technology Holdings private, arguing that the offer undervalues the company and does not fairly compensate minority shareholders [2][4][11] Company Valuation - The proposed acquisition price of $6.00 to $6.15 per share is seen as opportunistic and significantly below the intrinsic value of Priority Technology Holdings, which is estimated to be between $15 to $20 per share [3][8][10] - The current share price is approximately half of the company's recent trading price earlier in the year and well below 50% of its intrinsic value [3][6] Financial Performance - Priority Technology is projected to report earnings per share of about $1.30 in 2026, with the proposed offer valuing the company at less than 5 times its anticipated earnings [6][8] - The company has a high adjusted EBITDA margin of approximately 24% and over 90% of its business is recurring or reoccurring, indicating a predictable business model [5][6] Strategic Alternatives - Buckley Capital Advisors urges the Special Committee of the Board to conduct a full and transparent review of strategic alternatives, including a potential sale or continuing as a publicly-listed company [2][11] - The analysis suggests that the company is well-positioned within the financial services and payments industry, benefiting from strong free cash flow and high profitability [5][9] Market Comparisons - A comparative analysis indicates that Priority Technology is growing faster than many of its peers, with a valuation disconnect highlighted by recent M&A transactions in the financial payments industry [8][9] - Recent private market transactions in the industry have seen acquisition targets valued at significantly higher multiples than the proposed offer for Priority Technology [8][10]
GRND SECURITIES ALERT: Grindr Inc. Faces Investigation into the $18.00 Take Private Deal – Contact BFA Law if You Hold Shares
Globenewswire· 2025-11-17 13:08
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 each [3]. Transaction Structure - The proposed transaction is characterized as a controller take-private deal, with no indication that it will require a majority-of-the-minority stockholder vote for final approval [4]. - A special committee has been appointed by Grindr's board in connection with the transaction, but its effectiveness in checking the controlling stockholders' influence remains uncertain [4].
GRINDR INVESTORS: The Grindr Inc. (GRND) Take Private Sale is Under Investigation, Current Shareholders are Urged to Contact BFA Law
Newsfile· 2025-11-14 11:08
Core Viewpoint - Grindr Inc. is under investigation for potential breaches of fiduciary duties by its board of directors and majority stockholders in connection with a proposed take-private sale that would cash out minority shareholders [1][3][5] Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on majority stockholders James Fu Bin Lu and George Raymond Zage, III [1][5] - On October 14, 2025, SEC filings indicated that Lu and Zage proposed a transaction to take Grindr private, potentially excluding minority shareholders while maintaining their ownership [3] - Lu and Zage offered to purchase minority shareholders' shares for $18.00 each on October 24, 2025 [3] Group 2: Transaction Concerns - The proposed take-private transaction does not appear to require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the board [4] - The investigation aims to determine if the board and majority stockholders have acted in the best interests of all shareholders during this process [5] Group 3: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available [2][6] - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [6]
GRND SHAREHOLDER ALERT: BFA Law Announces an Investigation into the Grindr Inc. Take Private Sale on behalf of Current Shareholders
Newsfile· 2025-11-12 12:17
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private sale that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, regarding their proposal to take Grindr private, which would cash out minority shareholders while preserving their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 each [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs for court expenses or litigation unless a recovery is achieved [6].
JAMF STOCK NOTICE: Jamf Holding Corp. Shareholders may have Rights in the Upcoming Take Private Transaction and are Urged to Contact BFA Law
Newsfile· 2025-11-10 11:08
Core Viewpoint - Jamf Holding Corp. is under investigation for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private transaction that would buy out shareholders at $13.05 per share, which may be considered an unfairly low price [2][4][6]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on whether Jamf's board and Vista Equity Partners have acted in the best interests of shareholders during the acquisition process [2][6]. - Jamf's board did not form an independent special committee to assess the acquisition deal, raising concerns about conflicts of interest, particularly given Vista's significant influence over the board [4][5]. Group 2: Ownership and Influence - Vista Equity Partners owns 34.4% of Jamf's outstanding stock and has the right to appoint four out of nine board members, which may create a conflict of interest in the proposed transaction [5]. - The acquisition deal is contingent upon a shareholder vote, but Vista has not been excluded from participating in that vote, further complicating the situation [5].