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News  ›  GlobeNewswire Inc.

Johnson Fistel, PLLP Assessing Board Fiduciary Duty Breaches in the IAS Go-Private Merger

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Johnson Fistel, Pllp
Johnson Fistel, PLLP Assessing Board Fiduciary Duty Breaches in the IAS Go-Private Merger

Johnson Fistel launched an investigation into the proposed sale of Integral Ad Science Holding Corp. to Novacap, questioning whether the board breached fiduciary duties by accepting a sale price significantly lower than analyst price targets and the company's initial public offering price.

Insights
KO   positive

Significant holding in both ETFs, indicating reliable performance in consumer staples sector


IAS   negative

The proposed sale price of $10.30 per share is materially lower than the Wall Street analyst price targets (averaging $13.04 and reaching up to $18.00) and the company's initial public offering price of $18.00, suggesting potential undervaluation of the company