PHILADELPHIA, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Ping Identity (“Ping”) (NYSE: PING) on behalf of the company’s investors.
On August 3, 2022, Ping announced that it had agreed to be acquired by private equity firm Thoma Bravo at a price of $28.50 per share. Notably, shares of Ping’s common stock traded above the proposed buyout price as recently as April 2022. Following the closing of the proposed transaction, Ping’s shareholders will be cashed out of their investment position, and the company’s shares will no longer be publicly traded.
The investigation seeks to determine (i) whether Ping shareholders will be receiving sufficient monetary consideration for their shares, and (ii) whether Ping’s directors breached their fiduciary duties to stockholders in agreeing to sell the company to Thoma Bravo.
Ping shareholders who wish to receive additional information about this investigation and their legal rights and options are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/ping-identity/ .
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation, and has helped recover in excess of $100 million on behalf of victimized investors. 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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