SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Proofpoint, Inc. (PFPT) and Encourages Stockholders to Contact the Firm
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Summary:
PHILADELPHIA, PA / ACCESSWIRE / May 31, 2021 / Kaskela Law LLC announces that it is investigating Proofpoint, Inc. (NASDAQ:PFPT) ("Proofpoint") on behalf of the Company's stockholders.
On April 26, 2021, Proofpoint announced that it had agreed to be acquired by private equity fund Thoma Bravo at a price of $176.00 per share in cash. Following the closing of the proposed transaction, shares of Proofpoint's common stock will no longer be publicly traded.
The investigation seeks to determine whether the proposed $176.00 per share provides sufficient consideration to Proofpoint's stockholders for their shares, and if Proofpoint's officers and/or directors violated the securities laws or breached their fiduciary duties in agreeing to sell the company to Thoma Bravo.
Proofpoint stockholders ar ...
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