Philadelphia, Pennsylvania--(Newsfile Corp. - May 17, 2022) - Shareholder protection law firm Kaskela Law LLC announces that it is investigating SailPoint Technologies Holdings, Inc. (NYSE: SAIL) ("SailPoint") on behalf of the company's investors.
On April 11, 2022, SailPoint announced that it would be acquired by private equity firm Thoma Bravo at a price of $65.25 per share in cash. Following the closing of the proposed transaction, shares of SailPoint's common stock will no longer be publicly traded, and SailPoint shareholders will be cashed out of their investment position.
The investigation seeks to determine whether the members of SailPoint's Board of Directors violated the securities laws or breached their fiduciary duties by failing to maximize the buyout price for investors, and whether SailPoint shareholders are being provided with all material information about the proposed transaction.
SailPoint shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/sailpoint-technologies/ , for additional information about this investigation and their legal rights and options.
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.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
(888) 715 - 1740
www.kaskelalaw.com
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