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FORG.US
id: 403, Created by Stan Vick, Scout
ForgeRock Inc
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
On October 11, 2022, ForgeRock (FORG) announced a deal to be acquired by the private-equity firm Thoma Bravo for $23.23 a share (about $2.3 billion).
Despite the price being a 53% premium to the stock’s close on October 10, 2022, it represents at a discount to the company’s IPO at $25 a share (about $175 million).
Given all the facts, the current shareholders and participants in the IPO have every reason to suspect that the Company and its Leaders could breach their fiduciary duties in conducting this deal.
Alleged Offence
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11 October 2022