MODN Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Model N to Vista Equity Partners
MONSEY, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $30.00 per share in cash for which Model N, Inc. (NYSE: MODN) (“MODN”) has agreed to be sold to Vista Equity Partners (“Vista”).
- MONSEY, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $30.00 per share in cash for which Model N, Inc. (NYSE: MODN) (“MODN”) has agreed to be sold to Vista Equity Partners (“Vista”).
- The sales price is below the price targets for MODN of at least five Wall Street analysts (source: TipRanks).
- On April 8, 2024, MODN announced that it had agreed to be sold to Vista for $30.00 per share in cash.
- “We are investigating whether the MODN Board of Directors acted in the best interests of MODN shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.