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 Anaplan’s financial prospects are excellent and yet Anaplan shareholders will only receive $66.00 per share in an all-cash transaction valued at approximately $10.7 billion of dollars. The settlement agreement unreasonably limits competing offers for Anaplan by prohibiting the solicitation of additional offers and imposing a significant penalty if Anaplan accepts a superior offer. Anaplan insiders will receive substantial benefits under the Change of Control Agreements.
We are investigating the conduct of Anaplan’s board of directors and whether it (i) fulfilled its fiduciary duties to all shareholders and (ii) obtained a fair and reasonable price for Anaplan.
If you own shares of Anaplan common stock and would like additional information, please contact Howard Longman at [email protected] or 973-994-2315 or Lynda Grant at [email protected] or 212-292-4441.
We specialize in shareholder disputes involving takeovers, mergers and individual shareholder rights nationwide. For more information, do not hesitate to call us. Lawyer advertisement. Prior results do not guarantee similar results. See www.Longman.law or www.grantfirm.com