PHILADELPHIA, PA / ACCESSWIRE / September 21, 2021 / Kaskela Law LLC announces that it is investigating the recently announced sale of Medallia, Inc. (NYSE:MDLA) ("Medallia" or the "Company") to private equity firm Thoma Bravo at a price of $34.00 per share in cash. Following the closing of the proposed transaction, shares of Medallia's stock will no longer be publicly traded.
The investigation is focused on whether Medallia's board of directors failed to satisfy its fiduciary duties to MDLA stockholders in connection with the sale of the Company, including whether the board obtained the best possible price for shares of Medallia's stock. Notably, shares of Medallia's stock traded above $45.00 per share as recently as February 2021.
Medallia stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 - 1740, or by email at [email protected] or online at https://kaskelalaw.com/cases/medallia-inc/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
SOURCE: Kaskela Law LLC