PHILADELPHIA, Feb 01, 2021 (GLOBE NEWSWIRE via COMTEX) -- PHILADELPHIA, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating ProSight Global, Inc. /zigman2/quotes/213414925/composite PROS -0.55% ("ProSight" or "the Company") on behalf of the Company's stockholders.
ProSight stockholdersare encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585,or by email at firstname.lastname@example.org or online at https://kaskelalaw.com/case/prosight-global-inc/ , for additional information about this investigation and their legal rights and options.
On January 15, 2021, ProSight announced that it had entered into an agreement to be acquired by TowerBrook Capital Partners L.P. ("TowerBrook") and Further Global Capital Management ("Further Global") at a price of $12.85 per share in cash. Following the closing of the proposed transaction, shares of ProSight's common stock will no longer be publicly traded.
The investigation concerns whether $12.85 per share provides adequate consideration to ProSight's stockholders, and whether ProSight's officers and/or directors breached their fiduciary duties to stockholders in connection with the agreement to sell the Company.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .
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