We are investigating the fairness of the price of $30.00 per share in cash for which Model N, Inc. (NYSE: MODN) (“MODN”) has agreed to be sold to Vista Equity Partners (“Vista”). The sales price is below the price targets for MODN of at least five Wall Street analysts (source: TipRanks).
If you remain an MODN 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 8, 2024, MODN announced that it had agreed to be sold to Vista for $30.00 per share in cash.
“We are investigating whether the MODN Board of Directors acted in the best interests of MODN shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the price agreed upon is fair to MODN shareholders, as well as whether all material information regarding the transaction has been fully disclosed.”
Notably, according to TipRanks, the sales price of $30.00 per share is below the price target of:
- $45.00 per share of Adam Hotchkiss at Goldman Sachs
- $40.00 per share of Craig Hettenbach at Morgan Stanley
- $40.00 per share of Terry Tillman at Truist Financial
- $37.50 per share of Jackson Ader at KeyBanc
- $31.00 per share of Ryan MacDonald at Needham