Kaskela Law LLC announces that it is investigating Momentive Global Inc. (NASDAQ: MNTV) (“Momentive”) on behalf of the company’s shareholders.
On March 13, 2023, Momentive announced that it would be acquired by a consortium led by private equity firm Symphony Technology Group (“STG”) at a price of $9.46 per share. Notably, as recently as April 2022, shares of Momentive’s stock traded at over $18.00 per share. Following the closing of the proposed transaction, Momentive investors will be cashed out of their investment position, and Momentive’s shares will no longer be publicly traded.
The investigation seeks to determine (i) whether Momentive shareholders will be receiving sufficient monetary consideration for their shares and (ii) whether Momentive’s directors breached their fiduciary duties to the company’s shareholders in agreeing to sell the company at $9.46 per share.
Momentive shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or 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.