Clearwater Analytics to be Sold for $24.55/Share; Legal Firm Investigates Fairness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Sale Price Below Expectations: Clearwater Analytics has agreed to be sold for $24.55 per share in cash to Permira and Warburg Pincus, significantly lower than the $36.00 price target set by RBC Capital, indicating opportunistic behavior that may harm shareholder interests.
- Board Conflicts of Interest: The transaction was approved based on a recommendation from the Special Committee of the Board, yet members of this committee have conflicts of interest as both Permira and Warburg Pincus have representatives on the Board, potentially compromising decision-making independence.
- Legal Investigation Initiated: Wohl & Fruchter LLP is investigating whether the Special Committee acted in the best interests of Clearwater shareholders when recommending the merger, particularly regarding the full disclosure of all relevant information and potential conflicts.
- Shareholder Rights Concerns: The law firm encourages Clearwater shareholders with concerns about the fairness of the sale price to reach out for discussions on their legal rights, emphasizing the importance of protecting shareholder interests.
CWAN
$24.075+Infinity%1D
Analyst Views on CWAN
Wall Street analysts forecast CWAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWAN is 29.56 USD with a low forecast of 26.00 USD and a high forecast of 36.00 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.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 24.060
Low
26.00
Averages
29.56
High
36.00
Current: 24.060
Low
26.00
Averages
29.56
High
36.00
About CWAN
Clearwater Analytics Holdings, Inc. is a provider of comprehensive cloud-native platforms for institutional investors across global public and private markets. The Company’s single-instance, multi-tenant architecture delivers real-time data and artificial intelligence (AI)-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. The Company serves insurers, asset managers, hedge funds, banks, corporations, and governments. The Company is also a provider of enterprise risk analytics and developer infrastructure. Its capabilities in complex portfolio management across both public and private markets include structured products, private credit, and derivatives.
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.
