KnowBe4 Shareholders May Have Legal Claims – KNBE
Date19 Oct 2022//
CategoriesBlog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether the directors of KnowBe4, Inc. (“KnowBe4”) (NASDAQ: KNBE) breached their fiduciary duties to its shareholders in approving a buyout with funds affiliated with Vista Equity Partners (“Vista”) for inadequate consideration.
INVESTORS OF KNOWBE4 STOCK MAY HAVE LEGAL CLAIMS AND ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
The investigation concerns whether KnowBe4’s board of directors failed to maximize the value of KnowBe4 for the benefit of KnowBe4’s shareholders in connection with its announced buyout by funds affiliated with Vista, in breach of their fiduciary duties to KnowBe4’s shareholders, and whether KnowBe4’s shareholders have suffered damages as a result.
On October 12, 2022, KnowBe4 announced it had reached an agreement to be bought out by funds affiliated with Vista for $24.90 per share, in an all-cash transaction valued at approximately $4.6 billion.