The Ademi Firm is investigating PROS (NYSE: PRO) for possible breaches of fiduciary duty and other violations of law in its transaction with Thoma Bravo.
Shareholders of PROS will receive $23.25 per share in a transaction valued at approximately $1.4 billion. PROS insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for PROS by imposing a significant penalty if PROS accepts a competing bid. We are investigating the conduct of the PROS board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
Join this Action