Anaplan Stock Alert: Investigation Into Whether The Buyout Price of Anaplan By Thoma Bravo Is Fair To Shareholders – Kehoe Law Firm, P.C. – Press Release

PHILADELPHIA, June 09, 2022 (GLOBE NEWSWIRE) — Kehoe Law Firm, P.C. is investigating whether the directors of Anaplan, Inc. (“Anaplan”) PLAN breached their fiduciary duties to its shareholders in approving a buyout with Thoma Bravo LP (“Thoma Bravo”) for inadequate consideration.

ANAPLAN SHAREHOLDERS ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS ABOUT THEIR ANAPLAN SECURITIES.

On March 20, 2022, Anaplan announced it had reached an agreement to be bought out by Thoma Bravo for $66 per share, in an all-cash transaction valued at $10.7 billion.

On June 6, 2022, Reuters reported that “private-equity firm Thoma Bravo had trimmed its takeover offer to $10.4 billion, after the software maker agreed to resolve a disagreement regarding compliance with certain merger terms.” Further, Reuters reported that “[t]he company’s shares, which have risen nearly 44% this year, were down about 4% in premarket trading.”

The investigation concerns whether Anaplan’s board of directors failed to maximize the value of Anaplan for the benefit of Anaplan’s shareholders in connection with its announced buyout by Thoma Bravo, in breach of their fiduciary duties to Anaplan’s shareholders, and whether Anaplan’s shareholders have suffered damages as a result.

INVESTORS OF ANAPLAN STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO DISCUSS THE ANAPLAN INVESTIGATION AND FOR A NO-OBLIGATION EVALUATION OF POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.  Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.   

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