Kaskela Law LLC announces that it is investigating Manning & Napier, Inc. (NYSE: MN) on behalf of the company’s shareholders.
On April 1, 2022, Manning & Napier announced that it had agreed to be acquired by Callodine Group, LLC (“Callodine”) at a price of $12.85 per share. Following the closing of the proposed transaction, shares of Manning & Napier’s stock will no longer be publicly traded.
The investigation seeks to determine whether the members of Manning & Napier’s Board of Directors violated the securities laws or breached their fiduciary duties by failing to maximize the buyout price for MN investors, and whether Manning & Napier shareholders are being provided with all material information about the proposed transaction.
Manning & Napier shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, for additional information about this investigation and their legal rights and options.