Kahn Swick & Foti is investigating the $8.05 per share cash buyout of Priority Technology Holdings by an investor group led by CEO Thomas Priore to determine if the deal undervalues the company.
A law firm is investigating whether the $8.05 per share cash offer from an investor group led by Chairman and CEO Thomas Priore undervalues Priority Technology. Such investigations occasionally lead to a raised bid or better process, which would benefit shareholders above the $8.05 deal price. However, these probes are routine in take-private deals and rarely change the outcome, limiting the likely price effect.
Law firm Kahn Swick & Foti, LLC announced an investigation into the proposed sale of Priority Technology Holdings, Inc. to an investor group led by CEO Thomas Priore. The firm is evaluating whether the $8.05 per share cash consideration and the underlying sale process adequately value the company for shareholders.
Under the proposed transaction, shareholders will receive $8.05 in cash for each share they own.
Kahn Swick & Foti is examining whether the $8.05 per share price and the sale process led by the company's own Chairman and CEO undervalue the company.