PHILADELPHIA, Oct. 16, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating KnowBe4, Inc. (“KnowBe4”). KNBE on behalf of the Company’s shareholders to determine the fairness of the recently proposed acquisition proposal.
On October 12, 2022, KnowBe4 announced that it has agreed to an acquisition by private equity firm Vista Equity Partners (“Vista”). Per the announcement, KnowBe4 shareholders are expected to receive $24.90 per share for its stock holdings, which is lower than the stock’s 52-week high. Upon completion of the proposed transaction, KnowBe4 shareholders will be paid out of their investment position and the Company’s shares will no longer be publicly traded.
The investigation is designed to determine whether KnowBe4 officers and directors failed to maximize the acquisition price for the company’s shareholders or otherwise breached their fiduciary duties to KnowBe4 shareholders by agreeing to the sale of the company to Vista for 24 $.90 per share agreed.
KnowBe4 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 / abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/knowbe4-inc/ for more information about this investigation and your legal rights and choices.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation. For more information about Kaskela Law LLC, visit www.kaskelalaw.com.
CONTACT:
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
This notice may constitute attorney solicitation in certain jurisdictions.
