ClearBridge Investments urges Model N's board to reconsider its $1.25B acquisition by Vista Equity Partners, arguing it undervalues the company.
ClearBridge Investments, which owns 6.97% of Model N's stock, has urged the company's board to reconsider its acquisition by Vista Equity Partners for $1.25B. ClearBridge believes the deal undervalues Model N as a public entity or its value to strategic or financial buyers. They suggest the board and advisers remain open to superior offers or consider staying a standalone public entity for long-term value creation.
April 15, 2024
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