Investigations
PowerSchool Holdings, Inc.
Overview
Overview
- Deadline:
- Upcoming
| Company Name: | Company Name: PowerSchool Holdings, Inc. |
| Stock Symbol: | Stock Symbol: PWSC |
BFA is investigating whether Bain Capital’s $22.80 per share offer for PowerSchool Holdings, Inc. (NYSE: PWSC) is unfair to minority shareholders. Minority shareholders will have no voice in the transaction because PowerSchool’s controlling shareholders Vista Equity Partners (“Vista”) and Onex Partners Manager LP (“Onex”) have already approved the merger agreement by written consent.
If you still own shares of PowerSchool, you are encouraged to fill out the form below to get more information and speak with an attorney about your rights.
Investigation Details:
PowerSchool is controlled by Vista and Onex through their collective ownership of Class A and Class B stock representing 70.6% of the total voting power of the Company. According to the Merger announcement, Vista and Onex have negotiated for the right to rollover a portion of their stock into the post-close company, with minority shareholders being cashed out and deprived of any future upside in the private company.
BFA believes the rollover by Vista and Onex may have resulted in Bain Capital offering an unfair price to acquire PowerSchool. This issue is especially relevant given the merger price of $22.80 per share in cash is far lower than analyst price targets, which are as high as $31.
BFA is concerned that Vista and Onex, as well as members of PowerSchool’s board of directors, may have breached their fiduciary duties in approving an unfair merger transaction for the benefit of Vista and Onex.
Next Steps:
If you currently own shares of PowerSchool you may have legal options and you are encouraged to submit your information to speak with an attorney.
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Contact:
Ross Shikowitz
ross@bfalaw.com
212-789-2303
Fill out the form below for more information.
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.
If you still own shares of PowerSchool, you are encouraged to fill out the form below to get more information and speak with an attorney about your rights.
Investigation Details:
PowerSchool is controlled by Vista and Onex through their collective ownership of Class A and Class B stock representing 70.6% of the total voting power of the Company. According to the Merger announcement, Vista and Onex have negotiated for the right to rollover a portion of their stock into the post-close company, with minority shareholders being cashed out and deprived of any future upside in the private company.
BFA believes the rollover by Vista and Onex may have resulted in Bain Capital offering an unfair price to acquire PowerSchool. This issue is especially relevant given the merger price of $22.80 per share in cash is far lower than analyst price targets, which are as high as $31.
BFA is concerned that Vista and Onex, as well as members of PowerSchool’s board of directors, may have breached their fiduciary duties in approving an unfair merger transaction for the benefit of Vista and Onex.
Next Steps:
If you currently own shares of PowerSchool you may have legal options and you are encouraged to submit your information to speak with an attorney.
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Contact:
Ross Shikowitz
ross@bfalaw.com
212-789-2303
Fill out the form below for more information.
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.