ClearBridge Investments Sends Letter Urging Board of Directors of Model N, Inc. to Reconsider Proposed Acquisition by Vista Equity Partners [Yahoo! Finance]
Model N, Inc. (MODN)
Last model n, inc. earnings: 2/4 04:15 pm
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Source: Yahoo! Finance
purpose of the letter is to urge Model N's Board of Directors to reconsider its recently announced agreement to be acquired by Vista Equity Partners. The full text of the letter follows. Jeffrey Bailin and Aram Green ClearBridge Investments, LLC 620 8th Avenue, 48th Floor New York, NY 10018 April 15, 2024 Baljit Dail Model N, Inc. 777 Mariners Island Boulevard, Suite 300 San Mateo, CA 94404 Dear Mr. Dail and Members of the Model N Board of Directors, We are writing on behalf of several strategies at ClearBridge Investments, a $188 billion global equity manager, to offer our thoughts on the proposed acquisition of Model N by Vista Equity Partners. We own 6.97% of the outstanding common stock of Model N as of Dec. 31, 2023. We believe the proposed acquisition materially undervalues Model N's outlook as a public company or value to strategic or financial buyers. With the proposed acquisition contingent on a shareholder vote, we intend to carefully consider whether
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MODN
Earnings
- 2/6/24 - Beat
MODN
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form 8-K
- 4/8/24 - Form DEFA14A
- MODN's page on the SEC website