Faruqi & Faruqi, LLP Announces the Investigation of Press Ganey Holdings, Inc. (PGND) Over the Proposed Sale of the Company to EQT
Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Press Ganey Holdings, Inc. (“Press Ganey” or the “Company”) (NYSE:PGND) for potential breaches of fiduciary duties in connection with the sale of the Company to EQT Equity fund EQT VII, part of the global private equity group EQT for approximately $2.35 billion.
The Company’s stockholders will only receive $40.50 in cash for each share of Company common stock they own. However, this consideration is below at least one analyst’s price target of $45.00 per share.
If you own common stock in Press Ganey and wish to obtain additional information and protect your investments free of charge, please contact Nadeem Faruqi, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at email@example.com or by telephone at (212) 971-1341.