San Diego, CA -- (SBWire) -- 03/22/2023 --An investigation on behalf of current investors in shares of Focus Financial Partners Inc. (NASDAQ: FOCS) was announced over potential breaches of fiduciary duties by certain at Focus Financial Partners Inc.
Investors who purchased shares of Focus Financial Partners Inc. (NASDAQ: FOCS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Focus Financial Partners Inc. (NASDAQ: FOCS officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based Focus Financial Partners Inc. provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities. Focus Financial Partners Inc. reported that its annual Total Revenue rose from over $1.79 billion in 2021 to over $2.14 billion in 2022, and that its Net Income increased from $10.41 million in 2021 to $91.78 million in 2022.
On February 27, 2023, Focus Financial Partners Inc. (NASDAQ:FOCS), Clayton, Dubilier & Rice, LLC ("CD&R") and Stone Point Capital LLC ("Stone Point") announced that Focus Financial Partners Inc and CD&R have entered into an agreement for Focus Financial Partners Inc to be acquired by affiliates of CD&R in an all-cash transaction valued at an enterprise value of over $7 billion. The proposed transaction delivers substantial value to Focus' stockholders, who will receive $53 in cash per share.
However, at least one analyst has set the high target price at $55.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: FOCS stockholders. More specifically, the investigation concerns whether the Focus Financial Partners Inc. Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Those who are current investors in Focus Financial Partners Inc. (NASDAQ: FOCS) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Focus Financial Partners Inc. (NASDAQ:FOCS) Shareholder Notice: Investigation over Potential Wrongdoing
An investigation on behalf of investors in Focus Financial Partners Inc. (NASDAQ:FOCS) shares over potential wrongdoing was announced.