Global equity manager ClearBridge Investments said on Monday it has urged Model N’s (MODN.N) board to reconsider the proposed acquisition of the healthcare IT firm by Vista Equity Partners. Model N last week agreed to be taken private by investment firm Vista Equity for about $1.25 billion. “We believe the proposed acquisition materially undervalues Model N’s outlook as a public company or value to strategic or financial buyers,” ClearBridge said in its letter to Model N.
Read the full article: ClearBridge Asks Model N to Reconsider $1.25B Deal with Vista //
Source: https://www.reuters.com/markets/deals/clearbridge-asks-model-n-reconsider-125-bln-deal-with-vista-2024-04-15/