Shareholder Alert: Ademi LLP investigates whether Ping Identity Holding Corp. has obtained a Fair Price in its transaction with Thoma Bravo
MILWAUKEE, Aug. 3, 2022 /PRNewswire/ -- Ademi LLP is investigating Ping Identity (NASDAQ: COWN) for possible breaches of fiduciary duty and other violations of law in its transaction with Thoma Bravo.
Click here to learn how to join the action: https://www.ademilaw.com/case/ping-identity-holding-corp or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Ping Identity's financial outlook and prospects are excellent and yet Ping Identity holders will receive only $28.50 per share in an all-cash transaction valued at an Enterprise Value of approximately $2.8 billion. The transaction agreement unreasonably limits competing bids for Ping Identity by imposing a significant penalty if Ping Identity accepts a superior bid. Ping Identity insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Ping Identity's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Ping Identity.
If you own Ping Identity common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/ping-identity-holding-corp.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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