Friday, 16 August 2024 07:00 AM
Class Action
NEW YORK, NY / ACCESSWIRE / August 16, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating the merger between PowerSchool Holdings, Inc. ("PowerSchool") (NYSE:PWSC) and Bain Capital ("Bain"). Investors who purchased PowerSchool and continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/PWSC.
Investigation Details
The investigation concerns whether PowerSchool's board of directors breached its fiduciary duties and failed to provide relevant information to its shareholders before the merger.
PowerSchool is a leading provider of cloud-based software for K-12 education in North America. The company's two largest shareholders are private equity firms Vista Equity Partners and Onex Partners, who together own a majority of PowerSchool's stock and voting power.
On June 7, 2024, PowerSchool announced that it had agreed to be acquired by Bain for $22.80 per share in cash. On July 23, 2024, the company filed a proxy statement and related materials, which show that PowerSchool could be worth as much as $31.50 per share.
What's Next?
If you are aware of any facts relating to this investigation or purchased PowerSchool shares, you can assist this investigation by visiting the firm's site: bgandg.com/PWSC. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC