Kaskela Law LLC is investigating Ping Identity (“Ping”) (NYSE: PING) on behalf of the company’s investors.
On August 3, 2022, Ping announced that it had agreed to be acquired by private equity firm Thoma Bravo at a price of $28.50 per share. Notably, shares of Ping’s common stock traded above the proposed buyout price as recently as April 2022. Following the closing of the proposed transaction, Ping’s shareholders will be cashed out of their investment position, and the company’s shares will no longer be publicly traded.
The investigation seeks to determine (i) whether Ping shareholders will be receiving sufficient monetary consideration for their shares, and (ii) whether Ping’s directors breached their fiduciary duties to stockholders in agreeing to sell the company to Thoma Bravo.
Ping shareholders who wish to receive additional information about this investigation and their legal rights and options are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the information form on this page.