SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading shareholder rights law firm, announced today that it has initiated an investigation into the board members of PowerSchool Holdings, Inc. (: PWSC) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to Bain Capital.
Shareholders of PowerSchool are encouraged to contact Johnson Fistel to discuss their legal rights in this matter. You can click or copy and paste the following link to join this investigation: https://www.cognitoforms.com/JohnsonFistel/PowerSchoolHoldingsInc
On June 7, 2024, PowerSchool informed the public that it has agreed to a deal with Bain Capital, in which shareholders will receive $22.80 per share in an all-cash offer.
Johnson Fistel’s investigation is centered on determining if the board of directors at PowerSchool neglected their fiduciary responsibilities to the company's shareholders, specifically assessing whether the board adequately explored alternative options to the acquisition and ascertained the most favorable price for PowerSchool’s shares. This inquiry is especially relevant considering analyst forecasts for increased earnings and revenue, coupled with a Wall Street analyst setting a price target of $31 for the stock.
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