Is the Stock Buyout Price of Anaplan Fair to PLAN Shareholders?
Date11 Apr 2022//
CategoriesBlog, Shareholder Investigations
Anaplan Shareholders May Have Legal Claims in Connection with the Announced Buyout of Anaplan by Thoma Bravo
Kehoe Law Firm, P.C. is investigating whether the directors of Anaplan, Inc. (“Anaplan”) (NYSE: PLAN) breached their fiduciary duties to its shareholders in approving a buyout with Thoma Bravo LP for inadequate consideration.
ANAPLAN SHAREHOLDERS ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM AND PROVIDE INFORMATION ABOUT THEIR ANAPLAN SECURITIES.
On March 20, 2022, Anaplan announced it had reached an agreement to be bought out by Thoma Bravo for $66.00 per share, in an all-cash transaction valued at $10.7 billion.
The investigation concerns whether Anaplan’s board of directors failed to maximize the value of Anaplan for the benefit of Anaplan’s shareholders in connection with its announced buyout by Thoma Bravo, in breach of their fiduciary duties to Anaplan’s shareholders, and whether Anaplan’s shareholders have suffered damages as a result.