PHILADELPHIA, PA / ACCESSWIRE / April 28, 2021 / Kaskela Law LLC announces that it is investigating Proofpoint, Inc. (NASDAQ:PFPT) ("Proofpoint") on behalf of the Company's stockholders.
On April 26, 2021, Proofpoint announced that it had agreed to be acquired by private equity fund Thoma Bravo at a price of $176.00 per share in cash. Following the closing of the proposed transaction, shares of Proofpoint's common stock will no longer be publicly traded.
The investigation seeks to determine whether the proposed $176.00 per share provides sufficient consideration to Proofpoint's stockholders for their shares, and whether Proofpoint's officers and/or directors breached their fiduciary duties in agreeing to sell the company to Thoma Bravo.
Proofpoint stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585, or by email at [email protected] or online at https://kaskelalaw.com/case/proofpoint-inc/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 - 1585
[email protected]
www.kaskelalaw.com
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SOURCE: Kaskela Law LLC