PowerSchool Holdings, Inc. (NYSE: PWSC) is being investigated by the law firm Bleichmar Fonti & Auld LLP over its recent merger agreement with Bain Capital. On June 7, 2024, PowerSchool announced the agreement, wherein Bain Capital will acquire the company for $22.80 per share in cash. This decision has raised concerns as the price is significantly lower than analyst expectations, which go as high as $31 per share. Vista Equity Partners and Onex Partners, the majority shareholders who collectively own over 70% of PowerSchool, have already approved the merger. BFA Law is probing whether the rollover of Vista and Onex’s shares led to an unfair acquisition price. The firm is also scrutinizing if PowerSchool’s board and controlling shareholders breached their fiduciary duties. Shareholders are encouraged to contact BFA Law to understand their rights and potential legal options.

Private Equity, Legal Services, Education Technology,United States