Berman Tabacco Investigates OneStream's $6.4 Billion Take-Private Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Investigation of Transaction: Berman Tabacco is investigating OneStream's take-private transaction by Hg Capital for approximately $6.4 billion in cash, with shareholders set to receive $24.00 per share, raising concerns about shareholder rights.
- Shareholder Benefit Scrutiny: The investigation focuses on whether certain insiders at OneStream stand to benefit disproportionately compared to average shareholders, thereby questioning the fairness of the transaction.
- Board Accountability Review: Berman Tabacco is also examining whether the board of directors and executives of OneStream breached their fiduciary duties in pursuing this transaction, which could harm shareholder interests.
- Legal Expertise: Since 1982, Berman Tabacco has specialized in prosecuting securities cases on behalf of investors, boasting extensive legal experience and a strong reputation aimed at protecting shareholder rights.
Analyst Views on OS
Wall Street analysts forecast OS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OS is 30.11 USD with a low forecast of 22.00 USD and a high forecast of 38.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 23.640
Low
22.00
Averages
30.11
High
38.00
Current: 23.640
Low
22.00
Averages
30.11
High
38.00
About OS
OneStream, Inc. is a provider of a unified, artificial intelligence (AI)-enabled software platform, the Digital Finance Cloud. Its platform unifies core financial and broader operational data and processes within a single platform, with solutions that maintain the integrity of corporate reporting standards for finance while providing operationally significant insights for business users. Its platform automates and streamlines workflows, accelerates analysis and improves forecast accuracy, equipping the Office of the CFO to report on, predict and guide business performance. The Digital Finance Cloud empowers the Office of the CFO to form a comprehensive, dynamic and predictive view of the entire enterprise, providing corporate leaders the control, visibility and agility required to proactively adjust business strategy and day-to-day execution. Its solutions include financial close and consolidation, financial and operational planning and analysis and financial and operational reporting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
