PHILADELPHIA, Aug. 23, 2021 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating Inovalon Holdings, Inc. (“Inovalon” or the “Company”) (Nasdaq: INOV) on behalf of the company’s stockholders.
On August 9, 2021, Inovalon announced that it had entered into an agreement to be acquired by an equity consortium led by Nordic Capital. Under the terms of the agreement, Inovalon stockholders are expected to receive $41.00 per share in cash for each share of INOV common stock that they own. Following the closing of the transaction, Inovalon will become a private company and its stock will no longer be publicly traded.
The investigation concerns whether Inovalon’s board of directors failed to satisfy its fiduciary duties in connection with the proposed transaction, including whether the board maximized the amount of consideration that Inovalon’s shareholders will receive for their shares.
Inovalon stockholders
are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email (
[email protected]
) or online at
https://kaskelalaw.com/cases/inovalon-holdings-inc/
, for additional investigation about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
www.kaskelalaw.com
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