ESMT Buyout Alert: EngageSmart Shareholders Seeking More Money Should Contact Julie & Holleman Regarding Sale to Vista
NEW YORK, Oct. 23, 2023 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman LLP is investigating the proposed $4 billion buyout of EngageSmart, Inc. (NYSE: ESMT) by private equity fund Vista Equity Partners. Julie & Holleman is concerned about the $23 per share price being offered as well as potential conflicts of interest.
For a no-cost consult and to learn more about our investigation, please click here or visit: https://julieholleman.com/?p=3172
On October 23, 2023, EngageSmart announced that it had entered into an agreement to be acquired by Vista for $23 per share in cash. However, while public shareholders stand to be cashed out, the company's largest shareholder, investment firm General Atlantic, will retain its interest in the company and participate in its substantial upside.
Julie & Holleman, a nationally recognized firm that exclusively focuses on shareholder matters, is concerned about the price being offered as well as potential conflicts of interest. Among other things, the average price target established by Wall Street analysts is $24.50 per share, and the high price target is $30 per share—both far more than what the controlled company's board of directors agreed to. Moreover, the fact that General Atlantic controls the company and agreed to a deal which allows it to continue holding a substantial stake raises serious questions of fair dealing.
If you would like more information about Julie & Holleman's investigation, or about the acquisition in general, please contact W. Scott Holleman by email at scott@julieholleman.com or by telephone at (929) 415-1020. You may also visit the firm's website by clicking here.
Julie & Holleman is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations. The firm's attorneys litigate in state and federal courts across the nation and have helped secure hundreds of millions of dollars for aggrieved companies and their shareholders. For more information about the firm, please visit www.julieholleman.com. This notice may constitute attorney advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP
