MONSEY, N.Y., Dec. 13, 2022 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether the directors of Coupa Software Incorporated (Nasdaq: COUP) (“Coupa”) acted in the best interests of Coupa shareholders in approving the sale of Coupa to Thoma Bravo for $81.00 per share in cash.
If you remain a Coupa shareholder and have questions about your legal rights, you may contact our firm at the following link to discuss your options at no charge:
https://wohlfruchter.com/cases/coupa-software/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
Why is there an investigation?
On December 12, 2022, Coupa announced that it had agreed to be acquired by Thoma Bravo for $81.00 per share in cash. The agreement has been approved by the Coupa board of directors (“Board”).
Our investigation concerns whether Coupa’s Board acted in the best interests of Coupa shareholders in approving the sale, including whether the acquisition price adequately compensates Coupa shareholders, and whether all material information regarding the transaction has been fully disclosed.
Notably, according to an analysis of Wall Street price targets for Coupa in the last 90 days published on Seeking Alpha, there is a high price target for Coupa of $108.00 per share, which is above the deal price.
About Wohl & Fruchter
Wohl & Fruchter LLP, with offices in New York City and Monsey, has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com
