PowerSchool Alert: PWSC Shareholders Seeking More Money Should Contact Julie & Holleman LLP About Potential Legal Claims Regarding Sale to Bain Capital
NEW YORK, July 29, 2024 /PRNewswire/ -- Shareholder rights firm Julie & Holleman LLP is investigating the proposed $5.6 billion acquisition of PowerSchool Holdings, Inc. (NYSE: PWSC), by private equity firm Bain Capital. Julie & Holleman has already uncovered several conflicts of interest, and recent developments show the deal undervalues the company.
For a free, no-risk consultation, please visit https://julieholleman.com/powerschool-holdings-inc/, or contact firm partner Scott Holleman by email at [email protected].
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.
Julie & Holleman, whose attorneys have helped secure hundreds of millions of dollars for shareholders, is concerned about both conflicts of interest and the inadequate deal price. PowerSchool's biggest shareholders, Vista and Onex, are "rolling over" shares into the post-close company while public shareholders are being cashed out. Moreover, the $22.80 per share deal price is less than what the company's stock was trading at earlier this year, less than the average Wall Street analyst stock price target of $24.57 per share, well below the high-end price target of $30 per share, and far below the $31.50 per share high end of the company's financial advisors' financial analyses.
Please visit https://julieholleman.com/powerschool-holdings-inc/ or contact partner Scott Holleman by email at [email protected] or by telephone at (929) 415-1020 for more information.
Julie & Holleman is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations. The firm's attorneys litigate in state and federal courts across the nation and have helped secure hundreds of millions of dollars for aggrieved companies and their shareholders. For more information about the firm, please visit https://www.julieholleman.com/. This notice may constitute attorney advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
SOURCE Julie & Holleman LLP
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