Shareholder Alert: Ademi LLP investigates whether Smartsheet Inc. has obtained a Fair Price for its Public Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
0mins
Source: Businesswire
Investigation Announcement: Ademi LLP is investigating Smartsheet for potential breaches of fiduciary duty related to its transaction with Blackstone and Vista, where shareholders will receive $56.50 per share in cash.
Concerns Over Board Conduct: The investigation focuses on whether Smartsheet's board is acting in the best interests of all shareholders, particularly due to penalties imposed on accepting competing bids and benefits for insiders.
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.
