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POWERSCHOOL SHAREHOLDER ALERT: Announces Kaskela Law LLC

PHILADELPHIA, June 11, 2024 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating the recently announced shareholder buyout of PowerSchool Holdings, Inc. (NYSE: PWSC) (“PowerSchool”) on behalf of the company’s long-term investors.

On June 7, 2024, PowerSchool announced that it had agreed to be acquired by private investment firm Bain Capital, LP for $22.80 per share in cash – a premium of just $0.43 per share, or less than 2%to the previous day’s closing share price of $22.37. Upon closing of the proposed transaction, current PowerSchool shareholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.

The investigation to date has shown that there is a significant conflict of interest in the pre-buyout announcement process, making the sale process and price per share appear unfair to the company’s shareholders. It is worth noting that immediately prior to the announcement of the proposed transaction, at least one stock analyst maintained a price target for the company’s PWSC stock $30.00 per share.

PowerSchool shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750 or (888) 715 – 1740 for additional information about this investigation and your rights and options, or by clicking the link below (or copying and pasting the link into your browser):

https://kaskelalaw.com/case/powerschool/

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and mergers and acquisitions disputes on a contingent basis. Additional information about Kaskela Law LLC can be found at www.kaskelalaw.com.

CONTACT:

KASKELA LAW LIMITED
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
Campus Blvd. 18, apartment 100
Newtown Square, Pennsylvania 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com

This notice may constitute attorney advertising in some jurisdictions.