PHILADELPHIA, Feb. 28, 2023 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is conducting an investigation into Focus Financial Partners Inc. (“Focus” or the “Company”). FOK on behalf of the company’s investors.
On February 27, 2023, Focus announced that it was being acquired by private investment firms Clayton, Dubilier & Rice, LLC (“CD&R”) and Stone Point Capital LLC (“Stone Point”) for a price of $53.00 per share in cash. Upon completion of the proposed transaction, Focus investors will be cashed out of their investment position and the Company’s shares will no longer be publicly traded.
The research aims to determine whether Focus investors will receive adequate payment for their FOCS shares given that the proposed buyout price of $53.00 per share represents less than a 10% premium to Focus’s closing price of $50.20 per share on the previous trading day and is well below Focus’s closing price of over $68.00 per share in November 2021.
Focus shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229-0750 or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/focus-financial-partners/ for more information about this investigation and your legal rights and choices.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation. For more information about Kaskela Law LLC, visit www.kaskelalaw.com. This notice may constitute attorney solicitation in certain jurisdictions.
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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