NEW YORK, Aug. 9, 2016 /PRNewswire/ -- On August 9, 2016, Press Ganey (NYSE: PGND)
announced that it is being acquired by the private equity firm, EQT
Equity for $40.50 in cash per share.
According to Carl Stine, who is a
partner at Wolf Popper LLP, "With insiders owning a majority of the
shares, it is not surprising that the management of Press Ganey,
which will undoubtedly team up with EQT, has decided to sell the
company at such a low price." The offer price is only a
premium of less than 1% from yesterday's closing price.
Wolf Popper is investigating
claims on behalf of investors in Press Ganey concerning the
transaction. Press Ganey's shareholders seeking more information
about the transaction or Wolf
Popper's investigation can contact Mr. Stine at (212)
759-4600 or cstine@wolfpopper.com.
Wolf Popper has extensive
experience representing investors in mergers and acquisition
lawsuits and has successfully ensured that investors receive the
maximum compensation. Twelve Wolf Popper attorneys were named
Rising Stars or Super Lawyers in the 2015 Super Lawyers New York
City Metro Edition, including Wolf
Popper partner Carl Stine,
who was included in the Super Lawyers Top 100 List for the
New York City Metro
area. View Wolf Popper attorney biographies at
www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP