Shareholder Alert: Ademi LLP investigates whether Model N, Inc. has obtained a Fair Price in its transaction with Vista Equity Partners
MILWAUKEE, April 8, 2024 /PRNewswire/ -- Ademi LLP is investigating Model N (NYSE: MODN) for possible breaches of fiduciary duty and other violations of law in its transaction with Vista Equity Partners.
In the transaction, Model N stockholders will own only $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. The transaction agreement unreasonably limits competing transactions for Model N by imposing a significant penalty if Model N accepts a competing bid. Model N insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Model N's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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.
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