Lawsuit Investigates Priority Technology Board Over Stock Acquisition Price
What happened
Levi & Korsinsky, LLP notified stockholders of Priority Technology Holdings, Inc. that an investigation has commenced regarding the company's acquisition. The investigation questions whether the Board of Directors harmed stockholders by failing to maximize the merger price and whether all material facts were properly disclosed to stockholders.
From prnewswire.com
Why it matters
The investigation concerns the merger, under which stockholders were expected to receive $8.05 per share in cash for their common stock. The inquiry challenges the governance and strategic decisions made by the Board of Directors during the acquisition process.
From prnewswire.com
Who's involved
- board of directorsThe Board of Directors is the subject of the investigation regarding the acquisition.
- companyPriority Technology Holdings, Inc., the company involved in the merger and subject of the investigation.
Keep exploring
The entities involved
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board of directors
group of people who jointly supervise the activities of an organization
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company
legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective
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