Kaskela Law LLC announces that is investigating SailPoint Technologies Holdings, Inc. (NYSE: SAIL) (“SailPoint”) on behalf of the company’s investors.
On April 11, 2022, SailPoint announced that it had agreed to be acquired by private equity firm Thoma Bravo at a price of $65.25 per share in cash. Notably, shares of the company’s stock traded at approximately $60 per share as recently as November 2021. Following the closing of the proposed transaction, shares of SailPoint’s common stock will no longer be publicly traded.
The investigation seeks to determine whether the members of SailPoint’s Board of Directors violated the securities laws or breached their fiduciary duties by failing to maximize the buyout price for SAIL investors, and whether SailPoint shareholders are being provided with all material information about the proposed transaction.
SailPoint shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or by completing the information form on this page, for additional information about this investigation and their legal rights and options.