NEW YORK, March 21, 2022 (GLOBE NEWSWIRE) -- Longman Law PC and TheGrantLawFirm, PLLC are investigating Anaplan (NYSE: PLAN) for possible breaches of fiduciary duty and other violations of law in its transaction with Thoma Bravo.
Longman Law PC and TheGrantLawFirm, PLLC believe that Anaplan's financial outlook and prospects are excellent and yet Anaplan shareholders will receive only $66.00 per share in an all-cash transaction valued at approximately $10.7 billion. The transaction agreement unreasonably limits competing bids for Anaplan by prohibiting solicitation of further bids, and imposing a significant penalty if Anaplan accepts a superior bid. Anaplan insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Anaplan's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Anaplan.
If you own Anaplan common stock and wish to obtain additional information, please contact Howard Longman at hlongman@longman.law or 973-994-2315 or Lynda Grant at lgrant@grantfirm.com or 212-292-4441.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. See www.Longman.law or www.grantfirm.com
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