We are investigating the fairness of the price of $35.25 per share in cash for which AssetMark Financial Holdings, Inc. (NYSE: AMK) (“AMK”) has agreed to be sold to GTCR, a leading private equity firm. The sales price is below the price targets for AMK of at least two Wall Street analysts (source: TipRanks).
If you remain an AMK shareholder and question the fairness of the price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.
Why is there an investigation?
On April 25, 2024, AMK announced that it had agreed to be sold to GTCR for $35.25 per share in cash.
“We are investigating whether the AMK Board of Directors acted in the best interests of AMK shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the price agreed upon is fair to AMK shareholders, as well as whether all material information regarding the transaction has been fully disclosed.”
Notably, according to TipRanks, the sales price is below the price target of:
- $41.00 per share of Patrick J. O’Shaughnessy of Raymond James
- $37.00 per share of Michael Cho of J.P. Morgan