Investor protection law firm Kaskela Law LLC announces that it is investigating the proposed stockholder buyout of Focus Financial Partners Inc. (“Focus” or the “Company”) (NASDAQ: FOCS) on behalf of the Company’s shareholders.
On February 27, 2023, Focus announced that it would be acquired by private investment firms Clayton, Dubilier & Rice, LLC (“CDR”) and Stone Point Capital LLC (“Stone Point”) at a price of $53.00 per share in cash. Following the closing 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 investigation seeks to determine whether Focus investors will be receiving sufficient payment for their FOCS shares, as the proposed $53.00 per share buyout price is less than a 10% premium to Focus’ closing price of $50.20 per share on the prior trading day, and is significantly lower than Focus’ closing price of over $68.00 per share in November 2021.
Focus shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (skaskela@kaskelalaw.com or abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/focus-financial-partners/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230303005083/en/
Contacts
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
