Kaskela Law LLC announces that it is investigating Qualtrics International Inc. (NASDAQ: XM) (“Qualtrics”) on behalf of the company’s shareholders.
On March 13, 2023, Qualtrics announced that it would be acquired by private investment entities Silver Lake and CPP Investments at a price of $18.15 per share. Notably, shares of Qualtrics’ stock traded above $30.00 per share just one year ago. Following the closing of the proposed transaction, Qualtrics investors will be cashed out of their investment position and the Company’s shares will no longer be publicly traded.
The investigation seeks to determine whether Qualtrics shareholders will be receiving appropriate consideration for their XM shares, and whether Qualtrics’ directors breached their fiduciary duties in agreeing to sell the company to Silver Lake and CPP.
Qualtrics 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.