SAN DIEGO, March 17, 2023 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP has opened an investigation into whether the directors of Focus Financial Partners Inc. FOK (“Focus” or the “Company”) breached its fiduciary duties in connection with the proposed sale of the Company to Clayton, Dubilier & Rice.

On February 27, 2023, Focus announced that it had inked a deal with Clayton Dubilier & Rice. Under the terms of this agreement, shareholders will receive $53.00 per share in a cash offer.

The investigation concerns whether the Focus board failed to perform its duties to the company’s shareholders, including whether the board appropriately pursued acquisition alternatives and whether the board obtained the best possible price for Focus common stock. Johnson Fistel has national recognition and is investigating whether the proposed deal represents reasonable consideration, especially given that a Wall Street analyst had a $55.00 target price on the stock. Additionally, Focus was once valued at over $67 per share at the end of 2020 and has seen steadily increasing year-over-year earnings since 2019.

You may click or copy and paste the link below to participate in this investigation:

https://www.johnsonfistel.com/investigations/focus-financial-partners-inc

If you are a Focus shareholder and think the proposed acquisition price is underpriced, or would like to learn more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistula.com) at 619-814-4471. When emailing, please include your phone number.

About Johnson Fistula, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in class action lawsuits involving shareholder derivatives and securities. For more information about the firm and its attorneys, visit https://www.johnsonfistula.com. attorney advertising. Past results do not guarantee future results.